US Earnings Impress | A2 Milk Soars Global markets jumped overnight, with the US market (S&P 500 index +1.7%) experiencing its largest single day jump since March, as better-than-estimated corporate earnings and economic data outweighed fears that inflation pressures and supply-chain blockages could crimp growth. All sectors traded higher, led by materials and tech stocks, with the latter benefiting from a slight dip in US 10-year Treasury yields. A lower-than-anticipated number of weekly jobless claims came in at 293,000 which added to the positive market sentiment - the first time the tally has fallen below the 300,000 level during the pandemic-era. Of the 8 companies in the S&P 500 that reported overnight, all beat earnings expectations, despite citing labour and other cost inflation, with robust sales growth the leading factor driving earnings beats. Bank of America, Morgan Stanley and C...