“The energy market in Europe is facing a perfect storm, and there is no certainty about when oil and gas prices will recover,” said Vis Raghavan, CEO of Europe, Middle East and Africa at JPMorgan Chase.
As reported by Bloomberg, Raghavan, in an interview in London, expected a volatile period of bullish and corrective movements for some time, and said: But we are not on the brink of a market crash.
The CEO of Europe, Middle East and Africa at JPMorgan Chase also noted that capital markets activity remains high, especially in equities, and added that despite the markets being spooked by the financial problems of the “Evergrand” group, he does not expect much from turmoil as a result.
“I don’t see any wave of investment pullbacks in China amid concerns about the latest news,” he said, noting that JPMorgan remains committed to China in the long-term.
The article “JP Morgan”: Europe faces a storm in the energy market was written in Al Borsa newspaper.