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Earnings season positive, though gloomy for some sectors: Schroders

Chloe Lim
Chloe Lim6/2/2022 12:04 PM GMT+08  • 3 min read
Earnings season positive, though gloomy for some sectors: Schroders
Banking and manufacturing sectors see challenges ahead, while energy is on the rise: Schroders. Photo: Unsplash
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On May 4, global shares fell steeply since the US Federal Reserve (Fed) raised interest rates by 50 basis points.

The US is now performing worse than average, with its high weighting in technology and growth stocks counting against it.

Nevertheless, a vast majority of companies have seen a positive earnings season on a whole at this juncture, with clearly demonstrated strong revenue and earnings growth, according to Frank Thormann, portfolio manager of multi regional equities at Schroders Investment Management.

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