Remember optimism? Forget it. Asian markets will likely get clobbered.
A man walks under an electronic screen showing Japan's Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei KatoIt seems like an age away, but whatever optimism investors had at the start of the quarter for a broad-based market rebound looks to have completely evaporated.
It is becoming increasingly clear that the Fed will not stop raising rates until it sees hard evidence that inflation is falling. It's safe to say September's inflation report was not what policymakers - or investors, businesses or households - were hoping for.The U.S. earnings season goes up a gear this week, with Tesla, J&J, BofA and Goldman among those reporting. Analysts expect third-quarter earnings per share growth for the broader index excluding energy to fall 2.
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