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Stock impact report

Oil and war top financial markets worry list for an uncertain Q2 [BNN Bloomberg (Canada)]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Even if a resolution to the conflict boosts near-term sentiment, damage inflicted on Middle East energy infrastructure and higher for longer oil prices will still hurt economic growth and drive up inflation, investors expect. It's a backdrop that could prompt a bigger retreat for equity markets, while a more protracted conflict that sees growth worries outpace inflation angst could prompt a recovery in bonds. “It's difficult to look through the noise when the noise is all we have,” said Seema Shah, chief global strategist at Principal Asset Management, which manages roughly $594 billion. “We've been pushing towards international (stocks) exposure and that continues to make sense, but it doesn't mean you close off your exposure to the U.S.” War in the Middle East tops a turbulent first quarter, with markets also whipped around by U.S. President Donald Trump's intervention in Venezuela, threats over Greenland, and AI disruption. Oil is the clear outperformer, surging roughly Show less Read more
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