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 JUNE with significant losses.

DRIVING FACTORS

  • Inflation concerns
  • Recession worries
  • Interest rate fears

EQUITIES IN FOCUS

NESTLÉ buys in New Zealand

The food company Nestlé strengthens in New Zealand. The Better Health Company (TBHC) is purchased through its subsidiary Nestlé Health Science. Financial details were not disclosed.

TBHC owns Go Healthy, New Zealand's leading nutritional supplement brand. It also included an Auckland-based manufacturing facility for vitamins, minerals and dietary supplements, and Egmont Manuka honey brand.

MONTHLY OUTLOOK

The significant losses in the past month and the "sell-off" in cryptocurrencies already more than adequately priced in a recession risk. A positive surprise is announced, triggered by the monetary watchdogs, who will tighten interest rates less aggressively. Therefore, a strong price recovery in the second half of the year cannot be ruled out. This is supported by continued strong consumption, low unemployment rates, the economy being freed from the restrictions of the corona pandemic and economic stimulus measures in China.

We expect a sideways trend for July.

STOCK RECOMMENDATION

 

© 2022, Grimaldi & Partners AG

 

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