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May 7 (Reuters) - Surprisingly poor U.S. employment data on Friday raised doubts about the country’s economic recovery and triggered big but short-lived swings in U.S. and euro zone government bonds.
The United States economy added just 266,000 jobs in April, a fraction of nearly a million expected, which immediately sent yields sharply lower as fears the American economy was overheating appeared suddenly unfounded.
Investors typically believe a slower than expected recovery would force the U.S. central bank to stick with its ultra-accommodative policy for longer, pushing yields lower.
RPT-Wall St Week Ahead-Blow-out U.S. earnings suggest market has room to run Reuters 5/2/2021
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By Caroline Valetkevitch
NEW YORK, April 30 (Reuters) - U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year.
A big piece of that growth is coming once again from technology and growth companies, which suggests greater durability in companies that underperformed more economically focused value names for months.
Earnings are rebounding from last year s pandemic-fueled lows. With results in from more than half of the S&P 500 companies, earnings are now expected to have risen 46% in the first quarter from the previous year, compared with forecasts of 24% growth at the start of the month, according to IBES data from Refinitiv.
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confi.
Wall Street Wall Street (Wikimedia Commons photo)
U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year.
A big piece of that growth is coming once again from technology and growth companies, which suggests greater durability in companies that underperformed more economically focused value names for months.
Earnings are rebounding from last year s pandemic-fueled lows. With results in more than half of the S&P 500 companies, earnings are now expected to have risen 46 percent in the first quarter from the previous year, compared with forecasts of 24 percent growth at the start of the month, according to IBES data from Refinitiv.
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The Fearless Girl sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in the Manhattan borough of New York City, New York, U.S., February 1, 2021. REUTERS/Brendan McDermid
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U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year.
A big piece of that growth is coming once again from technology and growth companies, which suggests greater durability in companies that underperformed more economically focused value names for months.
Earnings are rebounding from last year s pandemic-fueled lows. With results in from more than half of the S&P 500 companies, earnings are now expected to have risen 46% in the first quarter from the previous year, compared with forecasts of 24% growth at the start of the month, according to IBES data from Refinitiv.