"Myopia" and "Denial": Stock Markets Ignore Climate Change
6 Articles
6 Articles
Global Markets: Hotter Europe isn't cooling investor fervor for stocks
The heatwaves pummelling Europe this summer will have costly impacts on industries ranging from agriculture to tourism -- but that hasn't stopped stock markets from hitting all-time highs. The Paris, Frankfurt, Madrid and Milan exchanges all hit records in August, in line with recent all-time highs for Wall Street's key indexes.
Despite the temperature records in Europe, the Old Continent Stock Exchanges are reaching historic heights.
As the temperature records chain up in Europe, stock market indices reach historical peaks, disconnected from the climatic realities The crisis, what crisis?
Stock market indices reached record highs in Paris, Frankfurt, Madrid, and Milan between August 3 and 11, a sign that heat waves, fires, and droughts are not market-moving news. Stock markets were boosted by excellent corporate earnings in the second quarter, despite the external shock of the war in the Middle East. "Earnings season is so intense, and the number one concern, in terms of inflation, is essentially the situation in Iran (the resul…
Heats, fires and droughts are not information that moves the markets. While the economic impact of global warming is very real. ...
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