Melon Bank, New York: The downside risk for the United States is a second wave of inflation.
In contrast to the sharp rise in gold and crude oil, the US share has been depressed since the start of the
April round, behind which the market’s concern about inflation “relapsing.” Turning to issues such as r
ecent US stock performance, and in response to America’s subsidenc
e since the start of the second quarter, the Shamik Dhar team, chief economist at the Melon Bank in New York, noted that, with the slowdown in inflation in the United States, the US
share has
lost some attraction, but we expect that the growth in US earnings will begin to support a rebound, but the expansion of valuations may be constrained by rising interest rates.
According to Dhar, the main downside risk was the second wave of inflation, which could lead to a renewed tightening of unanticipated monetary policy.
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Worldington (WOR) released the Q3 financial report, which accumulated revenue of $927 million for the first three fiscal quarters of 2024, compared with $1,050 million for the same fiscal period la
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