Strong earnings continue to outweigh Delta concerns with the S&P500 reaching a new record high, So far 87% of companies reporting have beaten expectations and if maintained would be the strongest earnings beat since 2008.
Strong earnings have swept away Delta concerns in the US with 85% of companies reporting so far beating expectations.
Markets have dipped sharply on the back of rising COVID cases.
The Sydney lockdown is now in its fourth week with restrictions tightened further on the weekend. In this Weekly we update our estimates of the impact of these recent lockdowns.