Latest news with #JoachimKlement
Irish Times
29-07-2025
- Business
- Irish Times
After Donald Trump's presidential win, green investing gets personal
Donald Trump's return to the White House dented green investment, but for a contrarian minority, it had the opposite effect. A Swiss Finance Institute study finds US green allocations dipped after the 2024 election, as some investors viewed climate-themed funds as riskier and less profitable. However, those who strongly disapproved of Trump's climate stance increased their exposure, treating them less as a financial bet, than a moral statement. For them, going green became less about alpha, more about impact. READ MORE One respondent bluntly said: 'Trump's win will have a serious effect on the environment, and I'd want to make that choice that has even a tiny impact.' The less they believed others cared, the more compelled they felt to act. ETF flows suggest this wasn't just talk. Investors became less sensitive to performance and more motivated by values, seeking meaning or 'warm glow' over financial gain – an investment choice that felt 'emotionally rewarding', even if not financially so. There are two problems, however. First, green investing can only partly offset weak climate policy, the researchers caution. Second, it's a shaky investment rationale. Panmure Liberum strategist Joachim Klement supports ESG investing, but warns politics and investing don't mix. 'Investing in green funds as a form of virtue signalling or to spite Trump', he says, 'is about the worst reason to invest.'
South Wales Guardian
24-06-2025
- Business
- South Wales Guardian
Oil prices jump after US attacks Iran nuclear sites
Brent crude surged to more than 78 US dollars (£58.06) a barrel before paring back a little to stand 77.6 dollars (£57.76) higher in early morning trading on Monday. The cost of oil has risen sharply since the recent Israel strikes on Iran's nuclear sites, with the US launching an aerial bombing on three facilities in Iran over the weekend, with investors worried over counter attack moves by Iran. Iran can block oil being shipped through the all-important Strait of Hormuz, which analysts feared could send crude prices rocketing. But the FTSE 100 Index in London was spared losses on Monday, thanks to gains from oil giants BP and Shell on the back of the crude price rise, with the two stocks up 1.1% and 0.8% respectively. The wider FTSE 100 largely held steady, up 2.9 points at 8777.6. Panmure Liberum experts estimated that Brent crude could peak at 100 dollars (£74.43) a barrel due to severe disruption of the crucial waterway route. Soaring oil prices, if the Strait of Hormuz is closed, could spark a 'major' spike in inflation while seeing growth stall, which could have a severe knock-on effect on global stock markets, according to Joachim Klement at Panmure Liberum. Closing the Strait of Hormuz could disrupt about a fifth of global oil and a fifth of global gas shipments, according to Panmure. Mr Klement said it could be worse than the oil and gas shock seen in 2022 after Russia's invasion of Ukraine and the subsequent sanctions against Russian oil and gas exports. Mr Klement said: 'If the Straits of Hormuz is shut, we expect a major stagflationary shock similar to 2022. 'In this case, a 10% to 20% correction seems likely and we could see a new bear market if the trade war escalates again in early July.' But he said if the Strait of Hormuz is disrupted but not closed, 'the inflation shock will be significant, but not enough to derail markets and the economies of the US, the UK and Eurozone for too long'. 'In this scenario, we expect an initial correction of stock markets of 5% to 10%. 'Whether this correction lasts longer and becomes deeper depends very much on how the trade war unfolds in the next couple of weeks.'
Yahoo
23-06-2025
- Business
- Yahoo
Oil prices jump after US attacks Iran nuclear sites
Oil prices have jumped to the highest level for nearly six months on fears over supply concerns after the US joined Israel in attacking Iran's nuclear facilities. Brent crude surged to more than 78 US dollars (£58.06) a barrel before paring back a little to stand 77.6 dollars (£57.76) higher in early morning trading on Monday. The cost of oil has risen sharply since the recent Israel strikes on Iran's nuclear sites, with the US launching an aerial bombing on three facilities in Iran over the weekend, with investors worried over counter attack moves by Iran. Iran can block oil being shipped through the all-important Strait of Hormuz, which analysts feared could send crude prices rocketing. But the FTSE 100 Index in London was spared losses on Monday, thanks to gains from oil giants BP and Shell on the back of the crude price rise, with the two stocks up 1.1% and 0.8% respectively. The wider FTSE 100 largely held steady, up 2.9 points at 8777.6. Panmure Liberum experts estimated that Brent crude could peak at 100 dollars (£74.43) a barrel due to severe disruption of the crucial waterway route. Soaring oil prices, if the Strait of Hormuz is closed, could spark a 'major' spike in inflation while seeing growth stall, which could have a severe knock-on effect on global stock markets, according to Joachim Klement at Panmure Liberum. Closing the Strait of Hormuz could disrupt about a fifth of global oil and a fifth of global gas shipments, according to Panmure. Mr Klement said it could be worse than the oil and gas shock seen in 2022 after Russia's invasion of Ukraine and the subsequent sanctions against Russian oil and gas exports. Mr Klement said: 'If the Straits of Hormuz is shut, we expect a major stagflationary shock similar to 2022. 'In this case, a 10% to 20% correction seems likely and we could see a new bear market if the trade war escalates again in early July.' But he said if the Strait of Hormuz is disrupted but not closed, 'the inflation shock will be significant, but not enough to derail markets and the economies of the US, the UK and Eurozone for too long'. 'In this scenario, we expect an initial correction of stock markets of 5% to 10%. 'Whether this correction lasts longer and becomes deeper depends very much on how the trade war unfolds in the next couple of weeks.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Leader Live
23-06-2025
- Business
- Leader Live
Oil prices jump after US attacks Iran nuclear sites
Brent crude surged to more than 78 US dollars (£58.06) a barrel before paring back a little to stand 77.6 dollars (£57.76) higher in early morning trading on Monday. The cost of oil has risen sharply since the recent Israel strikes on Iran's nuclear sites, with the US launching an aerial bombing on three facilities in Iran over the weekend, with investors worried over counter attack moves by Iran. Iran can block oil being shipped through the all-important Strait of Hormuz, which analysts feared could send crude prices rocketing. But the FTSE 100 Index in London was spared losses on Monday, thanks to gains from oil giants BP and Shell on the back of the crude price rise, with the two stocks up 1.1% and 0.8% respectively. The wider FTSE 100 largely held steady, up 2.9 points at 8777.6. Panmure Liberum experts estimated that Brent crude could peak at 100 dollars (£74.43) a barrel due to severe disruption of the crucial waterway route. Soaring oil prices, if the Strait of Hormuz is closed, could spark a 'major' spike in inflation while seeing growth stall, which could have a severe knock-on effect on global stock markets, according to Joachim Klement at Panmure Liberum. Closing the Strait of Hormuz could disrupt about a fifth of global oil and a fifth of global gas shipments, according to Panmure. Mr Klement said it could be worse than the oil and gas shock seen in 2022 after Russia's invasion of Ukraine and the subsequent sanctions against Russian oil and gas exports. Mr Klement said: 'If the Straits of Hormuz is shut, we expect a major stagflationary shock similar to 2022. 'In this case, a 10% to 20% correction seems likely and we could see a new bear market if the trade war escalates again in early July.' But he said if the Strait of Hormuz is disrupted but not closed, 'the inflation shock will be significant, but not enough to derail markets and the economies of the US, the UK and Eurozone for too long'. 'In this scenario, we expect an initial correction of stock markets of 5% to 10%. 'Whether this correction lasts longer and becomes deeper depends very much on how the trade war unfolds in the next couple of weeks.'
North Wales Chronicle
23-06-2025
- Business
- North Wales Chronicle
Oil prices jump after US attacks Iran nuclear sites
Brent crude surged to more than 78 US dollars (£58.06) a barrel before paring back a little to stand 77.6 dollars (£57.76) higher in early morning trading on Monday. The cost of oil has risen sharply since the recent Israel strikes on Iran's nuclear sites, with the US launching an aerial bombing on three facilities in Iran over the weekend, with investors worried over counter attack moves by Iran. Iran can block oil being shipped through the all-important Strait of Hormuz, which analysts feared could send crude prices rocketing. But the FTSE 100 Index in London was spared losses on Monday, thanks to gains from oil giants BP and Shell on the back of the crude price rise, with the two stocks up 1.1% and 0.8% respectively. The wider FTSE 100 largely held steady, up 2.9 points at 8777.6. Panmure Liberum experts estimated that Brent crude could peak at 100 dollars (£74.43) a barrel due to severe disruption of the crucial waterway route. Soaring oil prices, if the Strait of Hormuz is closed, could spark a 'major' spike in inflation while seeing growth stall, which could have a severe knock-on effect on global stock markets, according to Joachim Klement at Panmure Liberum. Closing the Strait of Hormuz could disrupt about a fifth of global oil and a fifth of global gas shipments, according to Panmure. Mr Klement said it could be worse than the oil and gas shock seen in 2022 after Russia's invasion of Ukraine and the subsequent sanctions against Russian oil and gas exports. Mr Klement said: 'If the Straits of Hormuz is shut, we expect a major stagflationary shock similar to 2022. 'In this case, a 10% to 20% correction seems likely and we could see a new bear market if the trade war escalates again in early July.' But he said if the Strait of Hormuz is disrupted but not closed, 'the inflation shock will be significant, but not enough to derail markets and the economies of the US, the UK and Eurozone for too long'. 'In this scenario, we expect an initial correction of stock markets of 5% to 10%. 'Whether this correction lasts longer and becomes deeper depends very much on how the trade war unfolds in the next couple of weeks.'
