Updates – Earnings

Private payrolls grew in January at a much faster pace than expected as the labor market shrugged off the longest U.S. government shutdown in history, according to data released Wednesday by ADP and Moody’s Analytics.

Many Chinese business and political leaders came to Davos with a consistent message of optimism that Asia’s largest economy will continue to drive global growth.

Federal Reserve officials are nearing a decision on when to end the reduction of the bonds it is holding on its balance sheet, a key consideration for investors watching how far the central bank will go in tightening monetary policy, according to The Wall Street Journal.

European Central Bank President Mario Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker than earlier expected due to the fall-out from factors ranging from China’s slowdown to Brexit

President Xi Jinping stressed the need to maintain political stability in an unusual meeting of China’s top leaders — a fresh sign the ruling party is growing concerned about the social implications of the slowing economy.

China isn’t set to come to the rescue of a weakening world economy even amid signs policy makers are successfully cushioning some of its slowdown.

U.S. stocks could deliver big gains in 2019 if history is any guide, and some companies have more potential to outperform than others, according to Goldman Sachs Group Inc.

Seven of the world’s top 10 economies by 2030 will likely be current emerging markets. (Source: Bloomberg)

Worries that the U.S. economy will tip into a recession are overblown for now and stocks can extend their recent rebound even as economic growth slows, according to Bob Doll at Nuveen Asset Management LLC.