World shares extend their bounce on improved sentiment

Milan/Tokyo — World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation.

“We think there are more chances of seeing oil prices going lower simply because of easing demand from the US, Europe and China due to the slowdown in the economy. This in turn should help reduce expectations on inflation at least for the very end of this year,” said Jérôme Schupp, fund manager at Prime Partners in Geneva.

Traders said oversold market conditions and month-end portfolio rebalancing also contributed to the bounce, though they expected more volatility ahead as the second-quarter earnings seasons approaches. Oil was volatile as the market grappled with concerns over an economic slowdown versus worries about lost Russian supply amid sanctions over the Ukraine conflict.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Healthy and strong Caramel returns home after months of treatmentThe Cape of Good Hope SPCA has bid farewell to a horse named Caramel as she recently headed back home after months of treatment at the animal rescue.
Source: CapeTownEtc - 🏆 17. / 63 Read more »

Introduce your child to the theatrical world of opera at Artscape'Twinkle, twinkle, little star, how I wonder what you are.' Due to popular demand, the Cape Town Opera will present Twinkle, Twinkle and Little Stars – opera for babies and toddlers at Artscape from Saturday, 25 June.
Source: CapeTownEtc - 🏆 17. / 63 Read more »

Teen Lara Van Niekerk cruises into swimming world champs finalLara van Niekerk stormed to victory in her 50m breaststroke semifinal in Budapest on Friday night to book a spot in her first-ever World Championships final.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Teen Lara Van Niekerk cruises into swimming world champs finalLara van Niekerk stormed to victory in her 50m breaststroke semifinal in Budapest on Friday night to book a spot in her first-ever World Championships final. I really appreciate all his efforts with the little startup of $ 500 with joy all over me and after withdrawing $15,800 and another other investment with the help of workwellwithwil
Source: TimesLIVE - 🏆 28. / 59 Read more »

Lara van Niekerk carries SA to the podium at world champsPretoria schoolgirl Lara van Niekerk won SA’s only medal of the swimming world championships in Budapest on Saturday night, claiming bronze in the women’s 50m breaststroke. Great stuff👍 Incredible!!!🥳👏🏾 Well done Lara! Are our athletes supported by the Sports, Arts and Culture ministry in all of this? Or do they have to fend for themselves these days? Congrats
Source: TimesLIVE - 🏆 28. / 59 Read more »

World famous chocolate 'Toblerone' to be made outside Swiss homelandWorld famous chocolate 'Toblerone' to be made outside Swiss homeland World famous chocolate 'Toblerone' has to drop 'of Switzerland' from the front of packaging from 2023 so as to comply with Swiss law
Source: TheSAnews - 🏆 25. / 59 Read more »