STOCK MARKET BLOG JUNE 2023

by the CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS AG

MONTHLY REVIEW

The international stock markets ended the month of JUNE inconsistently.

DRIVING FACTORS

The PCE price index for personal consumer spending, which the US Federal Reserve pays particular attention to, rose less strongly than expected compared to the same period in the previous year.
Since the beginning of the year, technology stocks have benefited particularly strongly from hopes that the US Federal Reserve's rate hike cycle will soon come to an end.
Inflation in the USA weakened a little more significantly in May than analysts had expected.
US stocks rebound as inflation data supports bets on a pause in rate hikes
The trend topic of artificial intelligence (AI) plays a major role on the market and is pushing shares in this area.

BURDENING FACTORS

Persistent fears of a longer-term restrictive monetary policy in the USA.
A growing number of profit warnings and an increasingly slowing global economy.

EQUITIES IN FOCUS

SWISS LIFE remains on course for 2023

Swiss Life is sticking to the path it has taken and is continuing to expand the business, which generates fees for the financial group. On the premium side, the Group also grew strongly thanks to the takeover of Elipslife.

....................

(...)

MONTHLY OUTLOOK

(...)

STOCK RECOMMENDATION: SWISS LIFE

(...)

Please order the full version of our stock market blog or subscribe.

Simply send us your request by email to info@grimaldi-partners.ch

Thank you for your interest!