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How wage strikes can derail the stock market
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People take part in a rally organised by the Communication Workers Union in Parliament Square in central London on Dec 9, 2022.
PHOTO:AFP
Investors positioning for a rally in riskier assets in 2023 may be underestimating the threat from millions of workers around the world protesting for higher wages.
While signs that inflation has peaked have fuelled bets on everything from a weaker greenback to a rebound in global stocks in 2023, there is growing unease among some market strategists that a breakout in labour costs will crimp the flow of money out of havens and into assets that thrive in an economic upswing.
