Global markets rallied overnight as US stocks were higher after Federal Reserve Chairman Jerome Powell gave a robust view of the US economy and strong earnings from healthcare giant Johnson & Johnson reinforced expectations of a solid earnings season.
Federal Reserve chair Jerome Powell told legislators the central bank will continue to raise interest rates gradually with the world's biggest economy in good shape, comments which appear to have reassured investors.
As we discussed yesterday, another strong round of US profit announcements is a key reason to remain bullish on markets and we are watching developments closely. A number of US corporate heavyweights will be reporting over the next 2 weeks and of particular interest will be the US Tech giants which are trading at all-time highs and as such expectation are high, such as Netflix which we discuss below.
Stock in Focus: Netflix (NFLX:Nasdaq)
High flying technology market darling Netflix disappointed inves...
