Scoreboard: Earnings learnings

Positive results from big US firms helped boost global equities while the market is shrugging off Chinese banking fears.

Global equities bounced back after modest falls in the prior session, boosted by some positive earnings reports from companies like Ford, Amazon and Visa. At the time of writing, the S&P500 was up 0.4 per cent to 1752, the Dow was 108 points higher (15,521) and the Nasdaq was 0.6 per cent higher (3931). In truth, earnings weren’t all great – AT&T and Xerox to name just two, yet the bigger picture is that the earnings season isn’t turning out too bad and I guess there isn’t really anything in the background, macro-wise, to spook punters at this stage.

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