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 DECEMBER with losses.

BURDENING FACTORS

  • Concerns about the economy as a result of restrictive monetary policy signals.
  • The US Federal Reserve has indicated more rate hikes for 2023 than previously expected.
  • The major central banks have disappointed hopes that interest rate hikes will end soon.
  • According to the forecasts, a higher interest rate level than the central bankers had previously promised.

EQUITIES IN FOCUS

Zurich Insurance starts share buyback program next week

The insurer Zurich is launching a previously announced share buyback program of up to CHF 1.8 billion. A separate trading line will be opened on the Swiss stock exchange for this purpose.

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MONTH OUTLOOK 

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STOCK RECOMMENDATION 

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