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HONG KONG (Reuters) -Prudential Plc's operating profit rose 8% in the first six months of 2022, the Asia-focused insurer said on Wednesday, as life insurance sales bounced back from a COVID-induced slowdown in Asian countries.
All eyes will be on the US inflation figures on Wednesday, the important macro data of the week, as it will go a long way to settling or further upsetting market nerves about upcoming Federal Reserve interest rate moves. Ahead of that in London results season will continue, with companies including Aviva, Prudential, Deliveroo and TUI in the diary, while in US earnings season, Disney is the big name announcing after markets close in New York.
Prudential PLC (LSE:PRU) shares offer “tremendous long-term value”, Deutsche Bank said in an analyst note today. The bank issued a 'buy' idea on the life insurer to clients this morning, amid the easing of restrictions in China and Hong Kong.
Mark FitzPatrick of the insurance firm discusses China's new initiative and how the Covid-19 pandemic has affected the insurance industry.