The ball of quarterly results, marked by the war in Ukraine, promises to be very perilous for companies.
Since the beginning of the year, the situation has changed radically for companies, and by extension for the equity markets. Because of the war in Ukraine, the price of a barrel of oil has soared by more than 30%, while gas and electricity are at historic highs. The prices of many commodities and metals (steel, nickel, wheat, etc.) followed the same slope. As a result, inflation gallops: in Europe, according to Eurostat, consumer prices rose by 7.5% in March. The conflict has also disrupted globalized supply chains and thus poses a serious threat to economic growth.
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For John Plassard, investment advisor at Mirabaud, “the first quarter earnings season could mark a turning point for the markets». “The evolution of corporate earnings could, in the event of negative surprises, cause the indices to plunge again and fuel market volatility“, adds this specialist. “The war…
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