Weekend Edition
Click Below To Read more
In the latest edition of MPC Markets’ weekend edition, financial analysts and investors are closely monitoring various market dynamics. Mark joined David Koch on Ausbiz TV to review viewer-sent stocks including RDY, SNZ, SYR, RHC, SKO, WOR, NWS, JBH, DBI, and VUK. Meanwhile, US2Y Treasury Yields touched a 22-year high at 5.15%, and long-term yields hit 17-year highs, raising concerns about economic stability. Renowned investor Jeremy Grantham spoke at Livewire Live 2023, predicting a high probability of a US recession and advising caution in US equities and global real estate. Crude prices face downward pressure due to anticipated interest rate hikes by major central banks, but Russia’s fuel export ban and supply cuts by major oil producers are supporting prices. Brent oil is expected to hover between $90 to $100 a barrel for the rest of 2023, reflecting the ongoing tension between supply constraints and economic headwinds.