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Asian shares on a high ahead of earnings season

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Hopes rise for a faster return to normal on rosy signs of early recovery

A man wearing a protective face mask talks on his cellphone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan. Picture: REUTERS/ATHIT PERAWONGMETHA

Japan’s Nikkei was a shade higher while Australian shares rose 0.6% and South Korea’s Kospi added 0.5%. “The reality is that forecasts remain very uncertain ... [but] early signs show the recovery is accelerating, suggesting a faster return to ‘normal’ than many had dared to hope a few months ago,” Kelly added.

With the upcoming earnings season expected to show S&P profit growth of 24.2% from a year earlier, according to Refinitiv data, investors will be watching to see whether corporate results further confirm recent positive economic data.

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