Overseas Headlines – July 8, 2020

United States:

What Wall Street Pros Will Look for This Earnings Season

“Normally, when a company reports results, a predictable ritual ensues. Investors locate the relevant earnings per share, and compare it to the consensus estimate. Then they dial in to the conference call and listen for the next quarter guidance. But the old ways will be of little use when banks kick off the reporting season mid-month. For a second straight quarter, investment pros everywhere are concocting homegrown methodologies and bespoke formulas to help them gauge a company’s health in the age of the coronavirus.”



Sunak Announces 30 Billion-Pound Plan to Save U.K. Economy

“Rishi Sunak set out a radical blueprint to save jobs and pump life into the U.K.’s coronavirus-battered economy, including tax cuts on home-buying and dining out, and a new bonus for employers who don’t fire their staff. “We face profound economic challenges,” the Chancellor of the Exchequer told the House of Commons on Wednesday, laying out a stimulus package he intends to amplify in a budget and spending review in the fall.”



Singapore in Survival Mode Looks to Reinvent Itself. Again

“The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing itself during times of crises. Dismissed in the past as just a “little red dot” on the map, dwarfed by larger neighbors like Malaysia and Indonesia, and with no natural resources to speak of, Singapore has nonetheless transformed itself into one of the richest and most competitive economies in the world. The island nation of almost 6 million people punches above its weight as a leading international finance hub.”



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