Futures firm with focus on Fed, earnings rush

REUTERS: U.S. stock futures rose on Monday after a two-day slide for Wall Street, as bets on a more dovish outlook from the U.S. Federal Reserve brightened the mood ahead of a busy week for quarterly earnings reports from companies including Boeing and Apple.

While no major announcements are expected at the end of the U.S. central bank's two-day meeting on Wednesday, analysts expect policymakers to lay the groundwork for more action in September or in the fourth quarter. Top aides to President Donald Trump said they agreed in principle with Senate Republicans on a US$1 trillion coronavirus relief package, which will now be negotiated with Democrats.Earnings reports will also be a major focus this week with 189 companies from the S&P 500 companies expected to report results, including Boeing Co , Pfizer Inc , Facebook Inc , Apple Inc , Amazon.com Inc and Alphabet Inc .

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SGX warns against use of 'earnings before coronavirus' metricISSUERS here should not use what is now widely known as Ebitdac (earnings before interest, taxes, depreciation, amortisation and coronavirus) in their interim financial reports, said Singapore's frontline market regulator, calling this hypothetical measure 'unreliable' and one that presents a 'misleading picture' of financial performance to investors. Read more at The Business Times.
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