Asian shares firm, hope for best from U.S. earnings

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Asian shares got off to a firm start on Monday as investors wagered U.S. earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns.

FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease , walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov

Japan’s Nikkei gained 1.3% and South Korea 0.9%. E-Mini futures for the S&P 500 rose 0.2% even as some U.S. states reported record new cases of COVID-19, a divergence that shows no sign of stopping. “JP Morgan, Citigroup, and Wells Fargo all report on Tuesday and there’s a view that the bar has been set pretty low for them to report the almost obligatory ‘better than expected’ results - the absence of forward guidance from many firms notwithstanding.

Super-low rates have in turn been a boon for non-yielding gold which hit a near nine-year high after five straight weeks of gains. The metal was last at $1,800 an ounce, just off a $1,817.17 top.

 

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They are....us

impending bubble. Then the big investors and banks start, and the great disaster in the stock market comes. It will be this week !!!

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