We’re seeing some big rebounds Tuesday for gold and oil, which have taken hard hits in the last couple of sessions, even as stocks appear bogged down.
According to the UN’s bombshell IPCC report released Monday, the time for nations to debate climate change is over, and actions have to be taken now. The same could be said for investors and their portfolios when it comes to climate impacts. A recent survey showed economists and financial professionals believe asset markets are far underestimating any risks.
What should investors start thinking about now? Our call of the day, from a team of Jefferies strategists led by Aniket Shah, offers up five big investment takeaways from the climate report.
Small-business gloom and AMC surges
Not “out of the woods yet.” That was AMC Entertainment’s
AMC,
Small businesses in July lost almost all of their confidence gains made in June, says the latest NFIB survey. Elsewhere, data showed preliminary second-quarter productivity moderated and unit labor costs rose 1%. That’s a day ahead of important inflation numbers. Chicago Fed President Charles Evans will hold a press conference at 2:30 p.m. Eastern.
Atlanta Fed President Raphael Bostic said Monday that conditions were ripe to begin progressing with tapering, with those thoughts echoed by Boston Fed President Eric Rosengren who said the central bank should start dialing aid back soon.
The world’s biggest tech investor, Softbank
9434,
On the railways, shares of Kansas City Southern
KSU,
Bitcoin
BTCUSD,
The markets
U.S. stock futures
YM00,
Random reads
Camping out for charity, 11-year old is on his 500th night and has raised £600,000.
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