Nevertheless, a vast majority of companies have seen a positive earnings season on a whole at this juncture, with clearly demonstrated strong revenue and earnings growth, according to Frank Thormann, portfolio manager of multi regional equities at Schroders Investment Management.
On May 4, global shares fell steeply since the US Federal Reserve (Fed) raised interest rates by 50 basis points.
The US is now performing worse than average, with its high weighting in technology and growth stocks counting against it.
