Tarass Buka, Head of Luminor Investment Management
October was the third consecutive negative month for the stock market. The strict stance of central banks, negative company forecasts and geopolitical uncertainty contributed to the fact that investors started selling their shares more actively (risk-off), writes Tarass Buka, Head of Luminor Investment Management.
However, the bond market also continued to decline due to US fiscal policy and reduced demand from international investors. Although there is already a lot of negative news in the financial markets, historically November and December are positive months for the markets. Also, monetary easing or better financial results from those large companies that have not yet published their financial statements could contribute to a positive change.
2023-11-10 08:06:53
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