EPISODE · Oct 17, 2024 · 4 MIN
Strong early reports for US earnings season | Morning Markets
from True Potential Morning Markets · host True Potential
Chris Leyland, Head of Investment Strategy, looks into US earning season and the positive early reports from companies with 80% of the current 50 reports beating market expectations. Morgan Stanley posted a 32% increase in profits from a year ago and US equities on a one month basis are up 4% as we’re starting to see a broadening out of the equity rally, with banks outperforming the main market by 1% over the last week. The key event this week is the European Central Bank interest rate decision where the market has an expectation for a 0.25% cut.
What this episode covers
Chris Leyland, Head of Investment Strategy, looks into US earning season and the positive early reports from companies with 80% of the current 50 reports beating market expectations. Morgan Stanley posted a 32% increase in profits from a year ago and US equities on a one month basis are up 4% as we’re starting to see a broadening out of the equity rally, with banks outperforming the main market by 1% over the last week. The key event this week is the European Central Bank interest rate decision where the market has an expectation for a 0.25% cut.
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Strong early reports for US earnings season | Morning Markets
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