Investors say the earnings season has been quite positive. The sharemarket rose as investors felt upbeat about the outlook following a better-than-expected earnings season. “We’re at the end of the earnings season for the December reporters, bar a few, and generally speaking, the reporting season has been good – that’s quite positive,” said Stuart Williams, head of equities at Nikko Asset Management. While the earnings season has been mostly positive, the sharemarket has spent much of the period in the red as optimism about the outlook for economic growth pushed up bond yields, reducing the relative attractiveness of equities. Tourism Holdings Ltd/Stuff Tourism Holdings is selling more campervans to counter the downturn in rentals as a result of Covid-19.

Source: Stuff February 26, 2021 05:15 UTC