investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the 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
in the second tier and have iceland, montenegro and turkey in b4. northern ireland are a division below and will face luxembourg, bulgaria and belarus. the group matches will be played across september, october and november. let s get some more reaction now from all the home nations managers, starting with scotland s steve clarke. it s a tough one, but we knew that anyway. listen, it was the first time in the top group. well, obviously still a bit of a hangover for us from being in this league. so that s the first thing, we have to try to get ourselves back up into that league a. i think it s a positive group. i really do. we re quite pleased with it. i think we know. all about turkey, we re off the back of . playing them recently. i thought the whole performance was was very good. we ve got a very, very young squad at the minute and this will give them an opportunity, i think, to win games, give them more experience and, you know, help us develop the team further. we expe
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 interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 mark f