Bank earnings: what the numbers say about consumers

The next inflation print lands on Thursday and will shape the tone into the central bank meeting.

Why it matters

"Valuations are stretched but not absurd," one strategist wrote in a note to clients.

Shares rose 4% in early trading after the company raised full-year guidance on stronger-than-expected margins.

What happens next

Employers added 210,000 jobs, while wage growth slowed slightly.

• Figures are in local currency unless stated.
• The bond market is pricing two rate cuts by year-end, down from four in January.

Diversified, low-cost index funds remain the default recommendation for most long-term savers.