Menu de Saison: inflation & earnings| Market Talk

Oil, yields and AI concerns are testing market appetite ahead of two major catalysts: US inflation and the beginning of the third-quarter earnings season. With inflation still elevated, investors will be looking to see whether earnings will be strong enough to keep them at the table. Next week’s CPI, producer prices and retail sales will help shape expectations for the Fed’s next move. In Europe, widening sovereign yield spreads are adding fiscal concerns to an already challenging inflation backdrop, with implications for the ECB and the euro. Meanwhile, US banks, ASML and TSMC will offer fresh clues about financing activity, corporate resilience and AI demand. Strong headline earnings expectations hide an uneven picture: energy and technology are doing much of the heavy lifting, while other businesses face rising costs. On the menu this season: profits for the few, pressure for the rest. How long can that keep global investors satisfied? Watch the full episode to find out more! 0:00 Intro 0:46 Market update 1:58 Inflation data and 6:37 earnings in focus Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025. #Markets #Inflation #Earnings #FederalReserve #ECB #AI #TSMC #ASML #Swissquote #MarketTalk #Swissquote #MarketTalk _____ 👉 Discover our brand and philosophy: https://www.swissquote.com/en/group _____ 👉 Deepen your trading and investing knowledge with Swissquote Inspire: explore our articles, analyses, webinars and exclusive content: https://www.swissquote.com/private/inspire _____ 👉 Discover Swissquote’s culture and join a company that values innovation, diversity and team spirit: https://www.swissquote.com/en/careers