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Podcast: WorldWide Markets with Simon Brown
Episode: Risk is good (#455)
Description: Simon Shares We now have updates from listed retailers as to the damage caused by last weeks rioting. Chantal Marx ran the data and says we saw almost 1,700 stores looted or closed due to the rioting and this is about 8% of the retailers' local footprint and some 5% of global footprint. This is a significant number, but considering many are open for trade again, with many opening last weekend already. The impact on earnings is likely to be very modest, if at all. PwC expects last weeks riots to take about 0.4% off local GDP for 2021. They already had a...