Investors are perhaps looking for fresh catalysts to support Wall Street’s record-breaking rally when stock market valuations are close to two-decade highs. US earnings continued to deliver positive surprises, with 15 out of 19 S&P 500 companies beating market forecasts last night (table at the end). […] So far in the earnings season, more than 85% of the blue chips have smashed analysts’ forecasts. […] The Hang Seng Index (HSI) is facing some selling pressure as the index attempts to challenge a psychological resistance level at 30,000. […] Hang Seng Index vs. Daily Southbound Net Flow – 12 Months Source: Bloomberg, DailyFX Australia’s ASX 200 Index opened 0.11% lower amid a defensive trading session.
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