U.S. stock index futures gained on Tuesday as better-than-expected trade data from China and signs some economies might be preparing to ease sweeping lockdowns lifted the mood ahead of the first batch of quarterly earnings reports.
JPMorgan Chase & Co , Wells Fargo & Co and drugmaker Johnson and Johnson are slated to report first-quarter results shortly, with analysts forecasting a torrid season due to the coronavirus pandemic.Analysts expect a 10.2per cent slide in first-quarter earnings for S&P 500 firms, amid a meltdown in business activity from strict containment measures, according to IBES data from Refinitiv.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia: Shares end at 1-month high on China trade data[SYDNEY] Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China foreign trade drops as pandemic drags outlookBEIJING: China's foreign trade fell again in March even as businesses returned to work after the coronavirus outbreak, with the global pandemic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia markets higher as China trade data beats forecastsAsian markets posted gains on Tuesday as better than expected Chinese trade data suggested a rebound from the economic devastation wrought by the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple shipped 2.5 million iPhones in China in March following virus slump: Government dataApple Inc shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China says stalling tactics by Hong Kong lawmakers could breach their oaths of officeHONG KONG (BLOOMBERG) - China's top agency overseeing Hong Kong said lawmakers blocking action by the local legislature were potentially violating their oaths, in a signal that Beijing was losing patience with the months-long legislative logjam.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China reports 89 new COVID-19 casesSHANGHAI: China reported 89 new COVID-19 cases on Monday (Apr 13), down from 108 the previous day, the health authority said on Tuesday. Of the ... This is under-reported. Go check out Helonjiang border with Russia, and a district Guangzhou where there are many importers/exporters from Africa!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »