You are here

Corporate earnings surprise in US, Europe isn't what it seems

S&P Global Ratings expects the rate of defaults among junk-rated US companies to jump from 3.8 per cent in March 2016 to to 5.3 per cent in March 2017.


EARNINGS from the first quarter are almost all in - and most companies in Europe and the US managed to beat analyst estimates. That's no reason for bond investors to celebrate.

Of the 458 companies in the S&P 500 that have reported, almost 75 per cent beat consensus...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to