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Stock impact report

Watch markets, not headlines [Globe and Mail, The (Toronto, Canada)]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Crude oil prices breached US$100 per barrel briefly before retreating – a sharp move, but not a structural rupture on the scale of prior crises. The 1970s oil shock caused oil prices to rise by about five times. More recently, when Russia invaded Ukraine in 2022, Brent traded above US$100 for more than five consecutive months (March-July), peaking at over US$130 per barrel – equivalent to over US$150 in today's dollars. Things could still deteriorate. But I see the current disruption as meaningfully less severe than those benchmarks suggest. Inflation: an unwelcome tailwind This oil move will push consumer price inflation (CPI) higher – but not toward double digits in my view. The 2022 experience was materially different, in that higher oil prices played second fiddle to a gargantuan fiscal and monetary expansion, which compounded an already strong post-Covid-19 rebound in demand. Today, the fiscal impulse in the pipeline, while meaningful, is of a much smaller magnitude. Our el Show less Read more
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