“Wall street is bracing for a 75 base point rise in interest rates as the U.S. Federal Reserve is set for a two-day policy meeting until Wednesday. US stock futures are fractionally higher on Monday as markets await some key corporate earnings report this week as the Q2 Reporting season gets into full stride.
Q2 2022 hedge fund letters, conferences and more
European markets have started the week in the negative, with the Stoxx600 fractionally lower at 11.30 am CEST. Europe is also looking ahead for its own share of corporate earnings with major companies including UBS, Credit Suisse, Deutsche Bank, Barclays, Renault and Unilever set to report this week, which will be a key driver for stocks.
The FTSE 100 is marginally up to start the week, while oil price remains steady as traders anticipate a week demand if interest rates rise. The wider energy markets remain captivated by the geopolitical winds as the war in Ukraine continues.”
About Sun Global Investments
Sun Global Investments Ltd. is an international financial services firm based in London, providing a full scope of services to institutional investors, corporate companies, family offices and high net worth individuals. Established in 2008, in the midst of turmoil in the financial services industry, Sun Global identified lucrative investment opportunities in emerging market corridors and has since established itself as a trusted boutique firm for investors looking to take advantage of these versatile markets.
