STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

STOCK MARKET REPORT by CEO Silvano Grimaldi of the independent asset management company GRIMALDI & PARTNERS Ltd.

MONTHLY REVIEW

The international stock markets ended the month of MAY with losses.

DRIVING FACTORS

Fear of recession, inflation and rising interest rates continue to shape the picture.
Fears of aggressive interest rate hikes by the US Federal Reserve.
Concerns about a global growth dip or a "hard landing".
Extreme levels of pessimism " due to high inflation, rising interest rates, supply chain problems and geopolitical crises.

EQUITIES IN FOCUS

The billion-dollar contract for the train division makes SIEMENS popular

The largest order in the company's history gave Siemens shares a real boost. The train division of Siemens has landed an order worth more than eight billion euros with the construction of the sixth largest high-speed system in the world in Egypt. According to the group, the railway system will connect 60 cities over a distance of around 2000 kilometers, including the archaeological sites in Luxor with Hurghada on the Red Sea. "Such a good order situation should also pay off in the long term in the share price," said Jürgen Molnar, capital market strategist at RoboMarkets.

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MONTH OUTLOOK

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STOCK RECOMMENDATION

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