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Stock impact report

Christine Poole's Top Picks for October 21, 2024 [BNN Bloomberg (Canada)]

Linde plc (LIN) 
Last linde plc earnings: 2/13 07:10 am Check Earnings Report
Company Research Source: BNN Bloomberg
MARKET OUTLOOK: Major stock market indices melted up in the third quarter, driven by interest rate cuts from central banks around the world, signalling a synchronized easing cycle. Investors are increasingly optimistic that a recession can be averted. We note that a broadening in price appreciation and leadership across more sectors this past quarter is a welcome development. Additionally, in late September China's central bank further buoyed investor sentiment when it unveiled a broad package of stimulus measures to revive its economy. It is much too early to conclude whether the stimulus measures will work. The Chinese government has pledged to support fiscal spending to revive growth, but no specifics have yet been offered. As the world's second largest economy, stopping a slowdown in growth would be positive for the global economy. Global inflation is cooling, and most central banks have pivoted toward interest-rate cutting. This suggests that central banks are prioritizing Show less Read more
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