The View Beyond: When earnings meet geopolitics

The first quarter of 2026 has presented investors with complex and worsening financial conditions, volatile oil prices, and heightened geopolitical tensions. Q1 earnings are already being reported, and so far, the indications have been promising. What are the expectations for the rest of the season? And what should investors be watching out for?In this episode of The View Beyond Podcast, Bernadette Anderko is joined by Mathieu Racheter, Head of Equity Strategy Research at Julius Baer, to preview the first-quarter earnings season and explore how markets are dealing with the ongoing uncertainty. They examine the resilience of equity markets, the concentration of earnings growth in big tech and commodity sectors, and the early signals from major banks. The conversation includes expectations for European markets, the critical importance of forward guidance this time around, and thoughts on how investors might navigate the current environment.(00:00) - Introduction (01:04) - Market backdrop ahead of Q1 earnings (02:00) - Consensus expectations for Q1 (02:59) - Early results and the performance of big banks (04:08) - European earnings outlook (05:08) - What investors should focus on now (05:59) - Assessing equity markets amid geopolitical uncertainty (07:20) - Investment views in the current environment (08:24) - Closing remarks and legal disclaimer Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.