Traders are holding their breath on evidence of a first earnings recession for three years

Global stocks were mixed on Friday morning as traders waited to see whether US bank earnings would fuel market fears of a first-half earnings recession.

The outlook for first-half corporate earnings continues to worsen. Nearly 75% of S&P 500 companies have issued earnings guidance that lowered market expectations, above the five-year average of 70%,. The average analyst earnings per share estimate has been cut by 7.3% during the first quarter — more than double the average decline of 3.2% over the past five years.

"Investors' focus will squarely be on the US earnings season," said Konstantinos Anthis, head of research at ADSS in a research note.

So the protesters go bankrupt— a declaration of death? A ‘brook’ meanders through the valley. We should not act in haste.

Canada Canada Latest News, Canada Canada Headlines

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

Asian shares dip on caution over global growth, U.S. earningsAsian shares turned lower on Friday as trepidation ahead of the start of the U.S...
Source: Reuters - 🏆 2. / 97 Read more »

Global stocks rally stalls as U.S.-EU trade war threat simmersWorld stocks slipped below the six-month high they reached earlier this week as ...
Source: Reuters - 🏆 2. / 97 Read more »