World shares mostly rise as investors brace for earnings hit

Asian indexes largely closed higher and Wall Street futures pointed to small gains on the open. European markets, however, turned slightly lower.

"In our baseline scenario, world trade falls 9% this year, but in a `worst case' scenario, the fall is 34%. Maintaining global value chains is likely to become more challenging and costly as protectionism increases, but is also a way of managing risks," ING said in a commentary. Cautious optimism that the outbreak in the U.S. has begun to plateau in some of the worst-hit areas and another big infusion of economic support by the Federal Reserve helped spur a big rally last week.

Analysts predict that earnings for all the companies in the S&P 500 will be down 9% in the first quarter from a year earlier, according to FactSet. That would be the biggest annual decline in earnings for the index since the third quarter of 2009 when earnings slumped nearly 16%. The closure of businesses and mandates for people to stay home to combat the coronavirus pandemic have forced record numbers of people out of work, raising the possibility that many businesses could end up bankrupt. That has many investors anticipating what may be the worst recession since the Great Depression.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Five things to watch for in the Canadian business world in the coming weekMonday marks the beginning of the first full week that the Canada Emergency Business Account will be available to small businesses and the Bank of Canada is set to release its latest interest-rate decision and monetary policy report on Wednesday. Maybe soon the new norm is accepting the Wahun virus at a 1% fatality rate. Because if the lock down and self isolation continues then kiss the current system of things goodbye. Worthless paper money, worthless real estate. Bread, rice, hand sanitizer,tissue paper priceless.
ソース: CTVNews - 🏆 1. / 99 続きを読む »