#eToro #Analyst #Weekly #View #Watch #Shorts
Hi, I’m Ben Laidler, eToro Markets Strategist.
Russia tensions drove markets lower and offset better news on US retail sales and Fed outlook. Only safe-haven assets like USD, and gold were up.
It’s a new investing world, with higher macro risks. But we expect strong earnings to offset lower valuations.
We focus on Value sectors and Overseas markets.
3 things to watch this week:
1. Geopolitics is driving markets now, but often only has short-term impacts.
2. PMI data will take the global growth and inflation pulse. We look for resilient GDP, as omicron risks fall, and supply chains ease.
3. Focus on international earnings. Banks like HSBC, miners Rio Tinto, and China’s Alibaba. Overseas earnings have been stronger than the 30% US growth.
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