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Jason Hawks | Riser | Ghetto images
The profit season always seems to be rotating at an alarming frequency.
The news approaches every trimester with nervous energy, but this summer feels particularly increased. The latest market records in both the United States and Europe, along with an unpredictable economic environment, draw a complex picture for the second half.
It all starts on Tuesday with banking begemots in America as attention goes from the White House back to Wall Street.
But US President Donald Trump’s policies are still large, with Goldman Sachs predicting that in this quarter, US profits will begin to show the impact of tariffs.
Investment bank economists see “conflict messages in the margin look” as companies have only announced modest price increases, despite the increase in higher rates.
The growth of profit per share should also be pressure, with Goldman suggesting that “the evaluation of consensus among analysts sees that the revenue of S&P 500 companies for a share is having fun up to 4% in this quarter compared to the same quarter of last year.”
With the banks that will dominate next week – JpMorgan., Citi., Goldman Sachs., Morgan Stanley and Bank of America Everyone reports in only two days – maybe Europe can provide some optimism.
As reported by Jenny Reed on CNBC, European banks have just recorded their The best first half since 1997S The profits were conditioned by a strong return on investment banking – something that their US counterparts are also likely to benefit from – as well as shares rallies based on both transactions speculation and actual M & A.
G20 Heads to the south
As someone who grew up in Cape Town, the view of this year’s meetings of the G -20 is held in South Africa makes me a pine for the sun of the southern hemisphere.
The meeting next week in Durban between financial ministers and central bank managers comes to an interesting moment for the country.
Oval Office Meeting between South Africa President Cyril Ramafosa and Trump went spectacularly wrong in MayWhen the latter, surrounded by his South African (now former) right hand, Elon Musk, makes false allegations of “white genocide”.
The tension does not seem to decrease.
US Department of Finance Secretary Scott Bensten Will Miss the meeting completelyInstead, go to Japan, according to Reuters. South Africa is also subject to new 30% tariff rateThe only country in Africa of Subsahara that separates in the last round of messages.
He does not do well for the G20’s meeting, which is due to be held in Gautgg on November 22-23. It remains to be seen if Trump will be present.
In May, the Golf Greats in South Africa – who traveled to the White House with Ramafosa – failed to win Trump. But perhaps the lure of some of the best courses in the world, along with the South African summer, may see a seasonal change in his mood to the country later this year.
