isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on interest rates and the markets earlier. what we're seeing is a market continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better—than—expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about _ the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism because of strong earnings? it optimism because of strong earnings?— optimism because of strong earninus? . , ., . earnings? it reflects rate cut exnectations _ earnings? it reflects rate cut expectations undergoing - earnings? it reflects rate cut l expectations undergoing belief that the us can have a soft landing, when you look at earnin

isaac poole, the global chief investment officer at 0reana financial services gave us his outlook onhe interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect _ earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re—acceleration in the

isaac poole, the global chief investment officer at 0reana financial services gave us his outlook onhe interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all _ bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. the growth is slowing, that has cast doubt on the possibility of a re—acceleration in earnings, so it leaves raleigh a little vulnerable —— but that rarely vulnerable —— but that rarely vulnerable to reach earnings expe

isaac poole, the global chief investment officer at 0reana financial services gave us his outlook onct continuing

isaac poole, the global chief investment officer at oreana financial services gave us his outlook oncant rate cuts from the fed and that has helped drive forward returns, as you say.

annabelle: that was isaac poole, global cio and portfolio manager at oriana financial services. 10 minutes into the session so far. a look at some of the movers we are tracking. these are some of the cosmetic stocks listed in japan and also in korea. the reason we are tracking this is because we had estee lauder results yesterday that that came in better than expected. it is also cutting 5% of its workforce, a restructuring program going through. investors really liked that restructuring program because shares rose 12% in u.s. trading, the most since august of 2019 separately, we had. black still considering a blackstone for another company -- blackstone, considering a bid for another company. cosmetic stocks gaining here. . let's look at the chipmakers and suppliers in this region. here we are seeing again, moves to the upside. this after we had a semiconductor company reporting fourth-quarter results that beat expectations, and they gave an outlook that was seen as better than had been feared. quite a significant one. we had seen mixed views from chipmakers so far this earnings season. y