(AI Video Summary)

Impacts of Middle Eastern tension on trading

In today's edition of "Beat the street", Angeline Ong highlights calm investor sentiments despite Iran-Israel tensions, with focus on Goldman Sachs' 28% profit surge in Q1, driven by underwriting and deal-making. Oil prices slightly dropped, reflecting decreased risk premium post Iran's attack. US March retail sales exceeded expectations at 0.7%, driven by increased consumer spending excluding autos and gas.

US banks' increasing credit losses

The video also touches on potential concerns over increasing credit losses among US banks and the implications of high-interest rates and inflation on the economy. Key insights emphasise the anticipation of another strong earnings quarter for US companies, inflation concerns, and the impact on market sectors and commodities like cocoa and crude oil. The session closed with a cautious outlook toward market reactions to geopolitical events and economic data.