Global markets mixed as economic uncertainty persists despite strong earnings
- Corporate earnings have largely exceeded analysts' expectations this quarter, but economic concerns like inflation and interest rates continue to worry investors.
- Banks reported higher profits from increased lending rates, though some saw declines in deposits and investment banking revenue.
- Fears of slowing growth and possible recession have contributed to pullbacks in stocks and commodities like oil.
- Central banks around the world are tightening policy to curb high inflation, though opinions differ on how much further rates should rise.
- Geopolitical issues like the Russia-Ukraine war and U.S.-China tensions add to the fragile global outlook.
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