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2024-10-23 10:35:38
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cnbc.com_5 on Nostr: Summary of 'Time to be a little bit cautious': Norway's $1.8 trillion wealth fund ...

Summary of 'Time to be a little bit cautious': Norway's $1.8 trillion wealth fund issues stock market warning



The source article:
'Time to be a little bit cautious': Norway's $1.8 trillion wealth fund issues stock market warning


Norges Bank Investment Management (NBIM), one of the world's largest investors, says risks are tilted to the downside for global stock markets.

https://www.cnbc.com/2024/10/23/norways-1point8-trillion-wealth-fund-issues-stock-market-warning.html

Norges Bank Investment Management, the world's largest investor, has warned of stock market risks due to heightened uncertainty and concerns over the economic outlook. The fund's deputy CEO, Trond Grande, cited concerns including the political climate in the U.S., China's stimulus-fueled bid to restore confidence in its economy, and the narrative of 'stagnant growth' in Europe. Grande emphasized the importance of being cautious and not making large asset allocation shifts on a short-term basis.
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