The wider sentiment in the markets is downbeat as worries about lower global growth, rising inflation and interest rate hikes are dominating the headlines.
In early July, the Ryanair share price fell to a 21-month low, partially due to the negative news surrounding such airports as London Gatwick, Dublin, and Manchester.
JPMorgan’s share price peaked in September 2021, and it has been trending lower since. Banks usually outperform in environments where interest rates are rising or at least where the perception is that rates will be lifted.
Ocado’s share price has undergone a lot of volatility in recent years. Amid the lockdowns during the pandemic, the share price soared north above 2,900p in September 2020.
Lloyds is performing well but there are creeping fears the economic environment will deteriorate and that is hanging over the bank.
Sainsbury’s share price recently fell to a seven-month low as traders are cautious ahead of the company's first quarter trading update.
This year has been a horror show for the Japanese yen. The Japanese yen has been one the worst performers this year against a basket of currencies, losing 18% of its value against the US dollar.
The Tesco share price has been trending lower recently, and last week it fell to a 15-month low. Even though the underlying business is performing well, fears about rising operational costs and squeezed consumer pay packets are hanging over the stock.
Based on a Financial time study, the US economy will most likely enter a recession in 2023. There are few expectations that the US economy will start this recession in the 4th quarter of 2022, after a relatively short growth period within the current economic cycle.
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