SILVER: The gradual recovery of the profit-resilient superstition along the Strait of Hormuz will support the stock market

On 4 August, the Bank argued that the market might have underestimated the sustainability of the current profit cycle, which exceeded the impact of geopolitical noise in the Strait of Hormuz. The basic judgement is that energy flows in the Strait will gradually resume rather than rebound, which will continue to drive stock markets, supported by strong profit growth. The Bank noted that the second quarter of the United States fiscal season had strong momentum, and that the breadth and magnitude of the profits exceeded historical averages. The Bank indicated that it continued to believe that its forecast of a 20 per cent increase in earnings per share this year for the 500 scale-up was at risk, and that the resilience of consumption spending and the improvement of cyclical power should support the spread of the increase to a wider field than head companies. In Europe, the Swiss Bank has indicated that the firm is delivering its strongest performance in more than three years, and that the Stoke 600 index's profit projection has been increasing steadily — a trend that the Bank believes reinforces the view that investors should hold a diversified stock allocation to participate fully in the market increase. In Asia, the Bank expects business profits to increase by 72 per cent this year。