Asia-Pacific markets are set to extend gains as Wall Street continued to rally for a second straight day and investors look toward first-quarter inflation figures from Australia.
Overnight in the U.S., all three major indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.Goldman Sachs' Kostin expects earnings will be higher this year even amid margin pressures About one-fifth of companies have reported thus far this earnings season. Of those companies, Kostin noted, roughly two-thirds have topped expectations on the bottom line, while about one-third beat estimates on the top line.
The chief U.S. equity strategist said he anticipates inflation will eventually move lower this year, and interest rates will come down from their highs, helping to drive earnings growth.
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