self willed island of taiwan. this comes after a meeting between the taiwanese president and the house speaker kevin mccarthy in california last week. the sentence, as the international monetary warns of severe weakness in the global economy over the next half a decor have other decade. the outlook for economic growth in the next five years is the weakest in a while. earlier i spoke with peter mwai, chief executive of xm australia. he told me situations like these are when investors may look to rebalance their portfolios. well, they look at escalation, they look at rhetoric, they look at market interpretation as far as news, and they said there and they say right, are there and they say right, are there other opportunities? are there other opportunities? are there certain sectors of the market to be removed from all other markets only to be looking stronger out, be it gold or retail versus institutional or mindset, so we have a degree of concern and we just need to wear th
and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
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