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JP Morgan says rising oil prices could lead to demand destruction - headwind for stocks

JP Morgan analysts on slower inflation - say that firms that benefited from the inflationary spike in the past two years may lose the power to charge higher prices for their goods and services, which is a headwind for their stocks and the equity markets in the remainder of 2023.However, the analysts argue that rising energy inflation is likely to have the same impact:rising oil prices could lead to demand destruction, another headwind for corporates' pricing powerMore on the oil price from the n... Read More

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Posted: Sep 26 2023, 22:24

Author Name: forexlive

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