Earnings season kicked off with a bang, US big banks printed record profit. On the data front, US inflation surprised to the downside in June, giving investors a reason to celebrate as Treasury yields fell and expectations for further Fed tightening eased.
But the latest inflation relief could prove short-lived as falling energy prices did most of the heavy lifting, while escalating tensions in the Middle East are already pushing oil prices higher again. On the banks front, booming profits does not tell the whole story as credit card delinquencies quietly climb to their highest level in more than a decade.
Watch the full episode to find out more!
Intro0:53 US inflation eases, investors cheer but...
5:48 Banks print record profit in Q2
7:43 IBM tanks but software resists
8:44 US PPI in focus









