Frontier markets have an air of adventure and unpredictability about them. One is tempted to ask: Who knows what will happen next?
Five things to think about this week:
HOLDING UP — FOR NOW
- A good run in equities has so far been helped rather than hindered by U.S. company results. Some are questioning how long the upward momentum can be sustained given cost-cutting rather than improved revenue streams flattered profit margins. The European earnings season, which cranks up a gear this week, and the release of U.S. Q2 GDP data could be potential triggers for a pullback, but the sensitivity to bad news may depend on how much money is chasing the latest push higher.