Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP
Opinion
Opinion
Macroscope
Stock markets are likely to continue climbing, given the unexpectedly good US earnings reports
- Solid support will also come from the global vaccine roll-out and accommodative policies from central banks and governments, with non-US markets performing better
- Risks lie in the ability of companies to control costs as the economy improves and taxes and wages rise
Traders at the New York Stock Exchange on March 18, 2020. US companies’ earnings are beating expectations, alleviating some of the concerns around elevated metrics such as forward price-to-earnings ratios. Photo: AFP