Monday 26 June 2017

High hopes ahead of US earnings season

Philip Lane, governor at the Central Bank of Ireland. Photographer: Christopher Goodney/Bloomberg via Getty Images
Philip Lane, governor at the Central Bank of Ireland. Photographer: Christopher Goodney/Bloomberg via Getty Images
Independent.ie Newsdesk

Independent.ie Newsdesk

US President Donald Trump's 'America First' rhetoric has fuelled a record stock market rally, but investors will also be looking overseas for stronger earnings as S&P 500 companies are set to report their first quarter of double-digit profit gains since 2014.

There are high expectations, but caution too, as the US earnings season gets under way, with results from banks like JPMorgan Chase, Wells Fargo and Citigroup.

Today, Central Bank governor Philip Lane and Finance Minister Michael Noonan will address a joint conference in Dublin by the Central Bank and European Investment Bank on funding growth and recovery in Europe. The Central Bank will also publish research this week on mortgage-switching, as well as statistics on Government bond-holding and retail interest rates.

Tomorrow, the European Commission will hold a public hearing on the capital markets union (CMU) mid-term review. The hearing will focus on access to finance for SMEs, better opportunities for retail and institutional investors, and improving the functioning of the single market by removing barriers to cross-border flow of capital.

Irish Independent

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