IEA warns: if Strait of Hormuznot fully reopened “within weeks, not months”, global economy will suffer as stocks run out
Report by Renta 4 European markets opened lower (Eurostoxx futures down 0.8%, S&P 500 down 0.8%, Nasdaq 100 down 1.6%), with profit-taking continuing, particularly amongst chip and memory manufacturers (yesterday Nasdaq down 1.6%), and this is also being felt in Asia (Japan down 5%; South Korea closed for a public holiday), despite strong results in recent days (TSMC, Samsung) and in a market that is questioning the sustainability of valuations,…
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