Stocks rise with U.S. futures as earnings roll in - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks in Europe rose after reversing losses, while U.S. equity futures rose as traders saw positive signs in corporate earnings reports.

The Stoxx 600 Index turned higher, paced by gains in drugmakers and banks following upbeat results from Sanofi, AstraZeneca Plc and Barclays Plc. Deutsche Bank AG dropped after trading revenue disappointed.

Treasuries and the dollar were little changed before U.S. GDP and jobless claims to gauge the strength of the US economy. The Federal Reserve's preferred inflation gauge, the core PCE deflator, is due Friday. “We cannot rule out the possibility developments around First Republic could unfold in a manner that would lead the FOMC to skip May, while signaling a hike in June,” Guha said.

Pharmaceuticals are well-positioned to weather recession, according to Janet Mui, the head of market analysis at RBC Brewin Dolphin, who recommends shifting to defensives.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks fall with U.S. futures as earnings roll in - BNN Bloomberg​European stocks declined as investors parsed a flood of earnings reports from some of the region's biggest companies.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Logistec’s Madeleine Paquin on finding fun in the challenges of the shipping business - BNN BloombergAs the chief executive of Quebec-based shipping company Logistec, Madeleine Paquin has seen firsthand the volatility that’s gripped global supply chains during the pandemic
Source: BNNBloomberg - 🏆 83. / 50 Read more »