Corporate earnings beat expectations as US stocks hit fresh records

Mon, 11 Nov 2019

Those in awe of global sharemarkets moving back into record highs may be somewhat reassured that, with 90 percent of S&P 500 companies having reported their September-quarter results, earnings are running well ahead of expectations.That also helps explain why US interest rates have rebounded in recent weeks, the yield on 10-year Treasuries, for example lifting from its 1.42 percent low in September to the still low rate of 1.93 percent on Friday, and why the Federal Reserve has likely done with cutting rates, at least for now.Fed chair Jero...

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