Equity Market Weekly Outlook

18 Oct, 2021
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  • Banks shares gain as Q3 earnings are revealing exceptional trading and investment banking revenues, however, inflation was one of the key issue during earning calls.
  • U.S. Sentiments Fall to Lowest since 2011 as the Delta variant, supply chain shortages, and reduced labor force participation rates are still main concerns.
  • As tapering is approaching probability of two fed rate hikes in 2022 is increasing.
  • Chinese 3Q GDP increased by 4.9% compared to 7.9% growth in Q2. Growth was weakened because of property crises, as debt crisis in Evergrande Group has contagion effect.
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