Futures edge higher on upbeat earnings

REUTERS: U.S. stock index futures rose on Tuesday, after another batch of strong corporate earnings eased concerns over domestic growth and the fallout from the prolonged U.S.-China trade war.

Procter & Gamble Co gained 4.6per cent in premarket trading after raising full-year forecasts and beating Wall Street estimates. Harley-Davidson Inc rose 6.7per cent as it beat quarterly profit expectations, while United Technologies Corp gained 1.7per cent on a forecast raise.Of the 75 S&P 500 companies reporting results by Monday, over 80per cent had topped Street estimates. Still, analysts expect the first earnings contraction since 2016 in the backdrop of a slowing domestic economy and the trade war.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings weigh on European stocks, sterling lower before Brexit votesEuropean shares edged lower on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tokyo stocks close higher with eyes on earnings[TOKYO] Tokyo stocks closed higher on Monday after British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with focus shifting to Japanese corporate earnings season starting this week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks edge higher despite big Boeing hit[NEW YORK] Wall Street stocks rose early Monday at the start of a heavy week of corporate earnings, although Boeing tumbled again on doubts over its handling of the 737 MAX crisis. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »