Scoreboard: Kiev catch

Investors will be closely watching developments in Ukraine as the local market readies for a lacklustre start to the week.

US earnings didn’t appear to be too bad Friday night. Amazon’s met expectations, and revenues were strong, rising over 20 per cent for the quarter. Yet the company expects an operating loss for this quarter (expansion into grocery, new warehousing etc) and so the stock ended the session nearly 10 per cent lower -- gives you a taste of things. Similarly, Visa reported better-than-expected profit, but softer-than-expected revenue -- so the stock was off 5 per cent. So far, of the 239 companies that have reported, 75 per cent have beat profit expectations.

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