What investors will be watching over the next seven days
Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China’s property pain.
A wider conflict would deliver another shock to markets, potentially forcing the hand of central banks that have been unswerving in their determination to fight inflation. Microsoft and Alphabet results are due on Tuesday, Meta Platforms, on Wednesday, and Amazon on Thursday. Those stocks along with Apple, Nvidia and Tesla combined have accounted for the bulk of the S&P 500′s 11% year-to-date gain, so any results disappointment could have broad fallout.
Making up a quarter of the world’s No. 2 economy, property turmoil threatens China’s 5% growth target - even after a consensus-smashing 4.9% quarterly expansion.A lot of what’s happening is hidden from view: A default deadline for Country Garden’s debt passed in silence, and the property developer was forced to deny its founder and his daughter had fled China.
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