Will the earnings season improve market sentiment?

The earnings season in the United States is already underway - last week, the largest banks informed about changes in the second quarter of this year. Currently, investors are waiting for the publication of IBM reports, Tesla or Netflix. However, it seems that market participants are focusing more on the current geopolitical situation and the still smoldering energy crisis in Europe rather than on the results of the companies themselves.

Fed against the wall

Recent data from the US indicate that inflation in the United States is not letting go of what it poses Fed against the wall. However, experts are convinced that if commodity prices continue to decline, a noticeable decline in price growth may not be visible until autumn. Markets therefore expect the Fed to soften the tone and limit the number and size of future interest rate hikes in fear of recession. The situation of the European Central Bank is completely different, as it will decide on the level of interest rates next Thursday. The second quarter of this year was a period of considerable turbulence in the global economy. Although the war in Ukraine and the global increase in inflation have had a negative impact on the markets, Wall Street still expects an increase in corporate profits.

We invite you to a webinar with the Chief Economist XTB Przemysław Kwiecień, PhD, in which he will answer the title question - will the results season improve moods?

• Is this the end of the inheritance?
• Are stocks already cheap?
• What will the results season show?

WATCH ON-LINE

In addition, due to the very dynamic situation in the world, additional ones will be made available raports Video on the impact of the coronavirus on the global economy, market analysis precious metals.

About the host

Dr Przemysław Kwiecień - Chief economist X-Trade Brokers. Doctor of Economics at the University of Warsaw, graduate of the University of Warsaw and London Metropolitan University (MSc). Holder of the prestigious CFA certificate. He has been working for XTB since 2007, previously he gained experience as an advisor to the Minister of Finance, Mirosław Gronicki, and an economist at Bank Millennium. At XTB, he manages the Analysis Department.

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