Trade tensions cloud earnings and the G20 heads south
Jason Hawkes | Riser | Getty Images
The earning season always seems to be circulating with a worrying frequency.
The news room approaches with nerve energy every three months, but this summer feels especially increased. The last market records in both the US and Europe draw a complex picture for an unpredictable economic environment, as well as for the second half.
Attention starts on Tuesday with the banking giants of America on Tuesday, as he returned to Wall Street from the White House.
However, US President Donald Trump’s policies still seem great, Goldman Sachs predicts that in this quarter, US earnings will begin to show the effect of tariffs.
Despite the costs of cost -related costs associated with higher tariffs, companies of the investment bank see “contradictory messages in margin appearance” because companies only explain modest price increases.
“Estimation of consensus between analysts, S&P 500 companies, compared to this quarter to 4% compared to this quarter to 12% of the first quarter,” Goldman will be under pressure.
Banks will dominate next week – Jpmorgan– Citi– Goldman Sachs– Morgan Stanley And Bank of America They all report in only two days – maybe Europe can provide some optimism.
As reported by Jenni Reid from CNBC, European banks have recorded the best first half since 1997. Earnings have been directed by strong investment banking returns – something likely to benefit from US colleagues – stock rallies based on the speculation of the agreement and real M & A.
G20 south
As a growing person at Cape Town, seeing this year’s G20 meetings took place in South Africa is making me mud for the sunlight of the Southern Hemisphere.
The meeting comes at an interesting time for the country in Durban, between the finance ministers and the governors of the Central Bank next week.
South African President Cyril Ramaphosa and Trump went to an oval office meeting In May, the second, surrounded by South African (now old) right hand Elon Musk, made the wrong claims about “White Genocide”.
Apparently the tensions did not diminish.
US Treasury Secretary Scott Bessent Jump the meeting completelyAccording to Reuters, he prefers to go to Japan instead. South Africa is also subject to a new 30% tariff rate, the only country selected in the latest announcements in Sub -Sahara Africa.
It is not good for the G20 Leaders’ meeting in Gauteng on November 22-23. Trump seems to be involved.
In May, South Africa’s golf elders, who traveled to Ramaphosa and the White House, did not win Trump. But perhaps the charm of some of the best courses in the world could have seen a seasonal change in the later hours of this year with South Africa.
