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Dow closes above 40,000 points for first time in history
  + stars: | 2024-05-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow closes above 40,000 points for first time in historyDeepak Puri, Deutsche Bank CIO of Americas, and Scott Chronert, Citi Research head of U.S. equity strategy, join 'Closing Bell Overtime' to talk the Dow's record day.
Persons: Dow, Deepak Puri, Scott Chronert Organizations: Deutsche Bank CIO, Americas, Citi Research
Fossil fuel stocks have boomed (.dMIWO0OG00PUS) since Russia's invasion of Ukraine in February 2022 sent fossil fuel prices soaring, leaving the performance of environmental, social and governance (ESG) funds lagging. Pure-play renewable energy stocks such as Orsted (ORSTED.CO) and First Solar (FSLR.O) have also fallen sharply this year as higher interest rates and inflationary pressures squeeze profitability. European oil and gas companies including BP (BP.L) and Shell (SHEL.L) have increased renewable energy investment, although they are expanding production of dirtier energy too. Sustainability-minded investors, Müller said, needed more disclosures from firms about their plans for shifting to lower-carbon models, and regulatory clarity on labelling transition-focused funds. Morningstar estimates that 45% of funds have exposure to traditional energy, totalling 7 billion euros ($7.6 billion).
Persons: Markus Müller, Müller, Tommy Reggiori Wilkes, Susan Fenton Organizations: Deutsche Bank's Private Bank, Reuters, BP, Shell, ISR, Morningstar, Investors, Deutsche, Investment Office, Thomson Locations: Ukraine, France, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's too early to stop fighting inflation, Deutsche Bank CIO saysChristian Nolting, chief investment officer at Deutsche Bank, discusses the outlook for central banks' monetary policy.
Persons: Christian Nolting Organizations: Deutsche Bank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors underestimated wealth affect caused by Covid-19 pandemic created, says Deutsche Bank's PuriDeepak Puri, Deutsche Bank CIO in the Americas, joins 'Squawk on the Street' to discuss what the economic data suggests the Federal Reserve should do, the bottom line for equity markets and much more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Deutsche Bank's Deepak Puri on the Fed's next moveDeepak Puri, Deutsche Bank CIO in the Americas, joins 'Squawk on the Street' to discuss what the economic data suggests the Federal Reserve should do, the bottom line for equity markets and much more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks will keep rates high next year to avoid 1970s-style second round inflation: CIOChristian Nolting, global chief investment officer at Deutsche Bank, says markets are looking for rate cuts too early in 2023.
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