How the housing downturn and Iran War will affect your shares | The Business | ABC NEWS

By ABC News (Australia)

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Hundreds of companies will open their books in the next few weeks to reveal their earnings in what analysts expect will be a volatile reporting season. The Middle East war, falling house prices, higher interest rates and inflation are expected to weigh on company results. AMP chief investment officer Anna Shelley says "it's very important how the companies are going ... that reflects then on the returns that you get within your superannuation portfolio." UBS forecasts corporate earnings for ASX 200 firms have grown by about 12 per cent in the past financial year -- the highest in four years. But when financial and resources sectors are taken out, corporate earnings growth is expected to rise by just 2.5 per cent. Rio Tinto reported its best result in four years driven by copper, which is seeing high demand from the energy transition and the massive rollout of AI data centres. BHP is also expected to perform well. Energy companies are also forecast to deliver solid results due to high

Tags: Australia, abc, abc news, news, business news, finance news, economic news, economy, finance, the business, abc news australia, asx 200, asx, markets, reporting season, earnings season, AMP, Anna Shelley, UBS, Woolworths