Business
ASX to rise; Wall Street rebounds strongly; GameStop rally halts – The Sydney Morning Herald
The ASX 200 is expected to claw back some of yesterday’s losses after US stocks rebounded strongly overnight.
With quarterly earnings season in full swing, market participants have looked to whether companies could justify high valuations, with the forward price-to-earnings ratio on the benchmark S&P index near 20-year highs at almost 22.7.
By and large the surprises have been positive, even more so than typical and by and large companies are showing positive operating leverage where they are able to grow earnings a little bit faster than they are able to grow revenue, said Ellen Hazen, portfolio manager…
-
Noosa News24 hours agoFrench women charged with smuggling $29m of meth into Australia
-
General21 hours agoAlgal bloom ‘disaster’ prompts royal commission call as impact spreads to mussel farms
-
Noosa News21 hours agoE-bikes shouldn’t be banned. The illegal ones are already illegal
-
General17 hours agoChina was the big disruptor in our region. Now the US is determined to take that title