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S&P 500 Hits Fresh Record, Will China's RRR Cut Boost Hang Seng?


S&P 500 Hits Fresh Record, Will China s RRR Cut Boost Hang Seng?
S&P 500, HANG SENG INDEX, ASX 200 OUTLOOK:
Investors anticipate a strong Q2 earnings season, boosting sentiment. Treasuries fell
China’s central bank unexpectedly cut the Reserve Requirement Ratio (RRR) for all banks
Earnings, RRR Cut, China GDP, US Core Inflation, Asia-Pacific Week-Ahead:
The S&P 500 index hit an all-time high on Friday as investors shrugged off concerns about the Delta variant and focused on the upcoming earnings season. The estimated earnings growth rate for the S&P 500 index in Q2 is expected to hit 64% YoY, marking the fastest expansion in more than a decade. Analysts have revised up their earnings forecasts from March to June as the economic recovery gathers pace. More blue chip companies have issued positive EPS guidance than those that issued negative outlook, according to data compiled by Factset. ....

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Peace Gallery North cannot operate unless subsidized: NPCC


“The Society has always used the additional revenue streams from operating the rest of the Centre to offset the expenses that consistently outweigh the income from the Gallery.”
The city offered to allow NPCC to continue to operate the Gallery, but Hachmeister argues that over years of quarterly meetings, they have “been very clear that the Gallery cannot operate without being subsidized by other sources.”
“This offer is disingenuous since they are aware that to continue to operate the Gallery will require additional funding, but they have remained completely silent about how this change in management will take place and how they expect the Gallery to operate.” ....

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