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Could S&P500 fortunes be about to change?
Thursday 03 Nov 2016 Author: William Cain

Earnings per share (EPS) at US-listed businesses look set to end a year-and-a-quarter losing streak, according to results announced so far.

Around 75% of companies which have already reported third quarter earnings beat expectations, according to Valentijn van Nieuwenhuijzen, head of multi asset services at NN Investment Partners.

Sales beat expectations by an average of 1% and earnings by 5%, according to the research by NNIP.

Higher commodity prices have helped stabilise earnings in the energy sector, bank earnings improved and global economic may be accelerating, adds Nieuwenhuijzen.

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