Reported about 5 hours ago
As the third quarter earnings season approaches, Willem Sels, HSBC's global CIO, suggests that many companies will surpass the lowered earnings expectations set by analysts. Despite a previous high bar in Q2, current economic indicators are positive, and Sels believes earnings will remain strong. However, he warns of potential pressures on price-to-earnings ratios owing to anticipated rate cuts that may not fully materialize. Overall, he sees the risk of recession as low at this stage.
Source: YAHOO