Monday markets: as reporting season looms, inflation fears take a global backseat

July 18, 2022 10:12

It’s financial reporting season, and the ASX is set to open positively this week after a report and rally on Wall Street pointed to stable, resilient economic growth. Q2 results will be rolled out in the coming weeks, with data on company performances indicating the strength of the media and advertising industries leading into H2.

The Federal Reserve is looking at easing its aggressive interest rate policy – a welcome respite for consumers and businesses in the States. The ASX is poised for a positive start to the week, with futures on Saturday pointing to a gain of 57 points, or 0.9 per cent, at the open. After a strong night on Wall Street on Friday, the ASX is widely expected to rebound this week.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

Topics