Morning Bid: Rate hikes on my mind
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Summary
REUTERS/Brendan McDermidA look at the day ahead from Danilo Masoni.It's been a turbulent start of the year for world markets with the prospect of interest rate hikes in the U.S. starting to skim the froth off global equity valuations and leaving investors wondering for how long the bull run would continue.Talk about the Federal Reserve turning off the tap on massive stimulus is here to stay but with the earnings season kicking off on Wall Street risk sentiment could find some comfort as corporates report double digit profit increases.And for the coming week investors will be also spared hawkish speeches from Fed officials now in blackout mode before a policy meeting on Jan 26.S&P 500 earnings are expected to have grown 23.1% in the last three months of 2021 and STOXX 600 earnings are seen up 48.5%.
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