<div id="readability-page-1">HSBC's bullish call: HSBC advises maximum overweight in global equities, saying key risks are overstated and already priced into markets. Fed outlook shifts: Goldman Sachs now sees no Fed rate cuts in 2026 after strong jobs data, raising chances of a hike. Inflation in focus: Upcoming CPI and PPI reports could sway markets as energy and AI investment replace tariffs as main inflation drivers.</div>

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<p>HSBC recommends a maximum overweight in global equities, arguing that key risks are overstated and already priced in. Meanwhile, Goldman Sachs has revised its Fed outlook, seeing no rate cuts in 2026 due to strong jobs data, which raises the possibility of a hike. Market focus shifts to upcoming CPI and PPI reports, with energy costs and AI investment now viewed as primary inflation drivers rather than tariffs.</p>

- HSBC recommends a maximum overweight in global equities, arguing that key risks are overstated and reflected in current market prices.  
- Goldman Sachs has updated its forecast, indicating no Federal Reserve rate cuts in 2026 due to positive jobs data, increasing the likelihood of a rate hike.  
- Upcoming CPI and PPI reports are critical, as energy prices and AI investment are becoming significant inflation drivers, surpassing tariffs.

HSBC doubles down on global equity optimism despite Fed uncertainty