0:00
headline market performance in Europe
0:02
down somewhere between 5 to 7% which on
0:04
the surface actually doesn't seem too
0:07
severe, but it's actually more what's
0:09
happening beneath the surface. So, we've
0:10
seen some big sector moves and I think
0:13
importantly volatility has shot up. That
0:16
makes a reasonably difficult backdrop to
0:18
do an IPO over the very short term. What
0:20
would we like to see? I mean, ultimately
0:22
we would like to see markets stabilize.
0:24
How's that going to happen? Well, the
0:26
market's hoping hoping for a short-term
0:28
resolution for the conflict. question
0:30
this all raises is is there a higher
0:32
risk of a stagflationary backdrop? That
0:35
impacts how companies see their
0:37
forecasts, that impacts consumer demand.
0:40
So, I think we'd like to see a bit more
0:42
certainty around the outcomes to get
0:44
more confidence on on the near-term
