Commentators generally agree that the rise in the price of oil this year is likely to have little im...
Commentators generally agree that the rise in the price of oil this year is likely to have little impact on inflation but is probably going to act as a brake on the world economy. The key area of uncertainty is what will be the effect of a global slowdown on corporate earnings and, therefore, on share prices. Over recent months, profit warnings and disappointing results have come from a very broad range of companies. Problems have included higher oil prices, the weakness of the euro or slippage in demand. It is not just large telecommunications and technology stocks that have been facing d...
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