Financial sector heavyweights, BlackRock & Goldman Sachs, exceed expectations. | Morning Markets

Corporate earnings season is in full swing with the US and Europe reporting. Both BlackRock and Goldman Sachs have beat market expectations on earnings. Goldman Sachs saw total earnings rising 150% while BlackRock reported an 8% rise in revenue. We’ve also had comments from Chair of the Federal Reserve, Jay Powell, on the Fed’s dual mandate to foster stable inflation and maximum employment. Markets now place a 97% probability of a 0.25% interest rate cut in September.