Oil cut extension raises risk of Saudi economic contraction this year
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StreetInsider.com Top Tickers, 9/1/2026
- Wall St on track for subdued September start as high yields, oil prices dent sentiment
- Oil up more than 2% as renewed US-Iran strikes stoke supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- The Warsh pivot markets didn't expect
- Oil settles up by more than 2.5% as US and Iran resume military attacks
Berenberg Prefers Energy Over Technology Noting 'tech will face headwinds as central bank balance sheets normalise further'
September 8, 2023 10:36 AM EDTBerenberg Research analyst Jonathan Stubbs comments "The tech sector was a big underperformer in 2022; globally, the sector returned -34% last year and underperformed global equities by almost 20%. Ytd, tech has been the best-performing global sector, with near-25% relative outperformance. US tech has led the way, returning 49% and outperforming US equities by 27%. In Europe, tech has returned 15% for more modest outperformance against European equities (7%). Tech has performed despite rising rates,... More
