Global output faces disruptions

Global output faces disruptions

UK consumer morale wilts under cost-of-living crisis

  • #Oil prices rose to a near three-year high and headed for a third straight week of gains, supported by global output disruptions and inventory draws
  • Growing worries over #energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more downbeat about the #economic outlook
  • The #dollar wallowed near its lowest level in a week versus major peers as improved risk sentiment wiped out recent gains amid easing concerns about contagion from a potential China #Evergrande Group default

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.