U.S.
stocks looked set to open slightly higher on Monday as oil prices rose
and investors awaited earnings from big banks to kick off the
first-quarter earnings season later this week.
JPMorgan (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N)
are scheduled to report quarterly earnings on Thursday and could throw
light on the U.S. banking industry's performance after a strong finish
in the fourth quarter.
Investors are keenly watching the quarterly results to justify lofty market valuations following a post-election rally, sparked off by bets that President Donald Trump would introduce pro-growth policies.
Earnings of S&P 500 companies are estimated to have risen 10.1 percent in the first three months of the year, the most since the fourth-quarter of 2014. The index is currently trading at 17.4 times forward earnings estimates, above its long-term average of 15, according to Thomson Reuters I/B/E/S.
Investors are keenly watching the quarterly results to justify lofty market valuations following a post-election rally, sparked off by bets that President Donald Trump would introduce pro-growth policies.
Earnings of S&P 500 companies are estimated to have risen 10.1 percent in the first three months of the year, the most since the fourth-quarter of 2014. The index is currently trading at 17.4 times forward earnings estimates, above its long-term average of 15, according to Thomson Reuters I/B/E/S.
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