18 July 2022 - Week Ahead  | Wisetech Global Global markets were higher on Friday, as US markets (S&P 500 Index +1.9%) rose on the back of strong earnings results and upbeat retail sales data. The S&P 500 offset the previous sessions losses but the index still ended the week down -0.3%. Banks have kicked off earnings season and there has been wide dispersion across results so far.  Wells Fargo jumped +6.5%, despite its quarterly profits falling by -48% as the bank increases its bad debt provisions. Citigroup was the standout up +13.2% on its earnings beat (versus market expectations) as it benefits from rising interest rates. The bank results on Friday painted a less gloomy outlook for the economy compared to JP Morgan's announcement a day earlier. It is another big week of US earnings this week with Bank of America, Goldman Sachs, Johnson & Johnson, Netflix, Tesla, Twitter and American Express all scheduled to rep...