Benchmark indexes were up in Australia and Japan, and US futures advanced slightly. With earnings reports poised to drive US sentiment this week, the S&P 500 rose almost 1%, notching another record — its 46th this year. That’s a hint investors are not deterred by the reduced forecasts for third-quarter results and are instead betting on positive surprises.
Q2 preview: Another weak quarter expected for banks. Top stocks to buy ahead of results
Banks are expected to show weak earnings growth in Q2, with private banks performing slightly better due to higher fees and lower provisions. Loan growth
October 16, 2024