Key Points
SYDNEY (Reuters) -Asian shares slipped into the red on Monday as Chinese stocks extended their recent retreat, and investors braced for U.S. inflation data and a corporate reporting season where robust results are needed to justify high valuations...
There was more promising news from Washington where U.S. congressional leaders agreed on a $1.6 trillion spending deal aimed at averting a partial government shutdown...
Consensus forecasts are that S&P 500 profits rose 3% on the year, and Goldman Sachs sees risks of an even higher outcome...
The bar ahead of 4Q results is higher than in recent quarters, but we expect S&P 500 firms in aggregate will beat analyst forecasts, Goldman said in a note...
Our baseline 2024 forecast is S&P 500 EPS rises by 5% year/year, and we see potential upside from stronger U.S. economic growth, lower interest rates, and a weaker USD...
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