Resilient earnings outshine macroeconomic worries [Video]

Ipek Ozkardeskaya ipekScope

Geopolitical tensions remain elevated as uncertainty around the Strait of Hormuz keeps oil markets tight, with no clear resolution in sight. Despite this, global equities continue to show resilience. Central banks are holding rates steady, but the tone is shifting — particularly in Europe, where inflation concerns persist even as growth weakens.

At the same time, AI optimism continues to dominate market sentiment. Strong earnings from industrials and tech-linked sectors highlight how AI-driven investment is feeding into the real economy. Meanwhile, Apple’s latest results show a different approach — strong cash returns and limited AI spending, but increased reliance on external models.

Markets remain caught between geopolitics and growth — but for now, AI is winning.

Author

Ipek Ozkardeskaya

ipekScope

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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