Coverage Universe - Weekly Price Changes Mar 16-23, 2018
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Central Banks Soften –Earnings Improve, Updates: PPL, PKI, AW, VET, CGX
The central banking community's stance on raising interest rates is softening. After four years of raising rates, in a few small one quarter point increments, central banks were talking about more. This has been the main reason for the decline in all the major stock indices since late January 2018.
The extent of the exhaustion is evident from the lack of recovery even after decent Q1-2018 earnings reports. This week's earnings updates cover 5 companies all of which have increased earnings, dividends and have favourable outlooks.
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