Strong US corporate earnings support equities, though traders remain wary as rapidly spreading Delta variant clouds global economic outlook
Foreign exchange traders monitor screens in Tokyo, Japan. Picture: GETTY IMAGES/CARL COURT
Stronger-than-expected profits from US companies in recent weeks have ratcheted up already high Wall Street forecasts on how second-quarter earnings growth will look compared with last year. China on Wednesday reported 96 new confirmed coronavirus cases for August 3, of which 71 were locally transmitted.
Wall Street’s main stock indices were choppy but finished higher with notable gains from Apple, Eli Lilly and Robinhood Markets. The US dollar eased against the Japanese yen and Swiss franc as questions about slowing US economic growth and the Delta variant challenged risk appetite.
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