Interest rates rattle global markets; Wesfarmers says Covid impacted Kmart and Target sales; Wells Fargo leads the pack over Citigroup and JPMorgan.

Recap

English - January 17, 2022 04:13 - 12 minutes - 17.7 MB - ★★★★★ - 2 ratings
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Previous Episode: Look out 2022! Recap is back.

Next Episode: JB HiFi’s better than expected half year results; ikeGPS wins million dollar contract extension; strong competitors force Redbubble’s costs up.

Alice outlines how inflation and interest rate concerns in the US impact markets around the world. Wesfarmers’ (WES) half year result sees Covid affect its retail chains, but other parts of the conglomerate weather the storm. In the US a trio of banks (JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC)) kick off earnings season with mixed results.

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