War clouds look over earnings season. Expect volatility. | MarketTalk: What’s up today? | Swissquote
Show notes
The first set of bank results released last Friday looked good, although the outlook remained dark and cloudy. The earnings season will be at full speed this week with the rest of the US big banks due to report in the coming days, alongside Tesla, Netflix and TSM.
But this earnings season will likely remain under the shadow of mounting geopolitical tensions in the Middle East and a broad-based discomfort and lack of appetite that comes along with it. Gold and crude oil rallied before the weekly closing bell, and US treasuries are demanded as investors seek safely on a potential Israel offensive in Gaza at any time.
On corporate calendar, US retail sales, UK & Canadian inflation numbers, Chinese growth data and Federal Reserve (Fed) speakers will be closely followed.
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