A disappointing purchasing managers' index survey for September means a UK recession is looking increasingly likely, an expert warned.
JPMorgan has recently upgraded its rating on global energy stocks from Neutral to Overweight, predicting a supply-demand gap after 2025 and improving sector fundamentals. The bank anticipates that major companies will outperform midcaps and has upgraded Eni to Overweight while maintaining Overweight on Shell (LON:SHEL), TotalEnergies (EPA:TTEF), and Neste. Repsol (OTC:REPYY) was also lifted to Neutral.
The stock market’s dismal performance over recent years is tempting some investors to sell up and walk away.