Mexican airports and tourism operators are fast becoming a hotspot for investors betting they will escape the trade-related worries that have squeezed some other assets there, with lingering weakness in the peso seen providing further upside.
U.S. stocks were set to open flat on Monday, the first trading day of the second quarter, with investors awaiting President Donald Trump's first meeting with Chinese President Xi Jinping later this week.
The Factset report goes on to mention that analysts have made smaller cuts to earnings estimates than the recent average and that fewer S&P 500 companies than usual have issued negative EPS guidance. In other words, corporations are quietly more optimistic about their short-term business prospects, and this outlook is being reflected by the recent rise in U.S. stocks
Markets have tempered its expectations for sweeping U.S. tax cuts in the wake of President Donald Trump's stinging healthcare defeat, a move that could push investors to embrace cheaper global stocks after the heady U.S. rally of recent months.
European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union.