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A handful of technology firms and last year's laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and...
A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say. Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. About 67% of consumer discretionary sector firms exceeded consensus net income expectations, primarily due to robust consumer spending.
According to a recent Reuters analysis, the skyrocketing of U.S. and global stock markets this year has been fueled primarily by a handful of technology
Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of...
A Treasury default would severely disrupt the economy and financial markets. Learn how such an unprecedented event could upend your personal finances.