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Surging oil prices have become the new concern for central banks, aggravating the current trilemma on how to balance slowing economies, still too-high inflation, and the delayed impact of unprecedented rate hikes.
Higher for longer is what the Fed intend to do with interest rates and investors finally decided to believe them last week.
Rexel SA is a provider of electrical products and services to residential, nonresidential, and industrial markets. Over the past year, Rexel’s share price increased about 5.4% from $15.29 to $23.58 as of Wednesday’s market close.
Wall Street's major indexes are deep in the red Tuesday as 10-year Treasury yields hold multi-year highs.
Text SA is a Poland-based company offering services in the SaaS model supporting sales and customer service. Over the past year, Text’s share price increased about 20.35% from $30.12 to $36.25 as of Tuesday’s market close.
Major central bankers decided against raising rates this month, but at the same time warned investors not to rule out rate increases in the very near future.