Continuing positive US economic data into April, was assisted on Friday as the US earnings season kicked off in earnest, with the financial sector starting off with strong Q1 reports from J P Morgan and Wells Fargo.
This has reinforced an already “risk on” environment and encouraged the major US equity averages to the upside, with both the S&P 500 and Nasdaq 100 hitting new 2019 highs.
Furthermore, the major European equity indices also advanced, with the pan-European benchmark, the EURO STOXX 50 also hitting a new high for the year.
The short- and intermediate-term outlooks for global equity averages sets up bullish into the earnings season.
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