SUBSCRIBERS

US stocks likely to continue climbing

Stronger-than-expected earnings growth, less political uncertainty, Chinese economic stimulus and the prospects of a trade deal among the factors whetting risk appetite

Published Sun, Apr 21, 2019 · 09:50 PM

    US STOCKS rose last week and the momentum looks set to continue thanks to a better-than-expected earnings season and talk of a "melt-up".

    Laurence Fink, head of the world's largest money manager BlackRock, said it was more likely that markets would spiral higher than spiral lower.

    Stronger-than-expected earnings growth, less political uncertainty, Chinese economic stimulus and the prospects of a trade deal are among the factors whetting risk appetite.

    Copyright SPH Media. All rights reserved.