Beat the street: markets waiting game ahead of CPI; PPI; earnings season; Summer squeeze
It’s the calm before the storm. Markets can't decide what it wants to do next as investors eye incoming inflation data.
The US earnings season is just around the corner with Citigroup, Wells Fargo and JPMorgan Chase & Co set to report. Plus, are airlines set to struggle to keep up with summer demand amid a lack of planes?
(AI Video Summary)
US earnings season close to kickoff
In today's edition of "Beat the street," Angeline Ong covers anticipation in the markets as investors await key data releases like CPI, PPI, and the ECB decisions. The beginning of the US earnings season with reports from major banks such as Citigroup, Wells Fargo, and JPMorgan Chase & Co.
Interview with Bill Blain
Ong also touches on challenges in the airline sector due to increased summer demand and a shortage of planes. She is then joined by Bill Blain, a strategist at Shard Capital and CEO of Wind Shift Capital, who shares insights on interest rate normalisation, alternative asset space, and the potential impact of high interest rates on over-leveraged corporates and consumers. He also discusses opportunities in transitioning to renewable energy and highlights the evolving landscape of the tech sector, particularly focusing on NVIDIA, Meta, Amazon, and the struggles of companies like Google, Apple, and Tesla.
Dow Jones analysis
The conversation ends with a look at the Dow Jones' performance, a brief mention of ongoing developments in AI investment, and the implications of increased travel demand on oil prices.
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