Investment Outlook: More volatility in the rate hiking phase
High inflation is putting pressure on central banks to tighten their monetary stance, but their policies will remain stimulative for some time to come. Economic growth will slow, but from high levels. A tug-of-war between opposing trends will lead to greater volatility, despite continued good fundamentals. We are maintaining a certain overweight in risk assets but expect more modest returns. “Last year's strong stock market close was reversed in January, which is a reasonable adjustment of stock market valuation and an adaptation to clearly more restrictive monetary policies. But
Finnish sugar company Sucros Oy, part of Nordzucker AG, has decided to switch from using heavy fuel oil and coal to using liquefied natural gas (LNG) and liquefied biogas (LBG) supplied by Gasum in its existing three boilers to significantly reduce emissions of the sugar beet factory in Säkylä. Promoting the circular economy, Gasum already receives wastewater sludge and biosludge from Sucros subsidiary Suomen Sokeri for use as raw materials in Gasum’s biogas plants.The LNG and LBG supply agreement between Gasum and Sucros will commence during the autumn of 2022, when the terminal, which
