Perhaps it’s because everyone is already so bullish. The Investors Intelligence bulls chimed in at 62.7%, the highest reading we’ve seen since the last week of December 2004 and the first week of January 2005.

Asian shares climbed to their highest in more than 18 months on Thursday, as investors grew more confident about China while the dollar slightly firmed in the wake of growing concerns over political instability in Europe. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4 percent to their highest since July 2015 with Hong Kong, Taiwan and China among the region’s best performing markets.

Futures for U.S. markets were mixed late Wednesday as investors continue to devour the latest earnings data and look for guidance from the country’s new administration. The S&P 500 lost 0.03% and the Dow Jones Industrial Average 0.01% while Nasdaq added 0.02% at 9:19 p.m. EST.

Futures for U.S. markets were mixed late Wednesday as investors continue to devour the latest earnings data and look for guidance from the country’s new administration. The S&P 500 lost 0.03% and the Dow Jones Industrial Average 0.01% while Nasdaq added 0.02% at 9:19 p.m. EST.

A record $1 trillion of junk debt will mature by 2021, leaving high-risk companies to hunt for new cash at a time when markets are likely to be less welcoming, according to Moody’s Investors Service. Speculative-grade companies have $1.06 trillion of debt maturing between 2017 and 2021, with the bulk of it, $933 billion, coming due after 2019, Moody’s said Wednesday in a report.

The biotech’s double-digit plunge was mainly sparked by its worse-than-expected 2017 guidance that was released late Tuesday. The key piece of information that’s driving Gilead’s shares lower on Wednesday is the biotech’s particularly anemic 2017 sales forecast for its hepatitis C franchise.

European stocks opened with a cautious tone Wednesday as ongoing political concerns in the region continued to offset underlying corporate and economic fundamentals. European stocks opened with a cautious tone Wednesday as ongoing political concerns in the region continued to offset underlying corporate and economic fundamentals.

Futures for U.S. markets were negative late Tuesday despite an up day on Wall Street, highlighting the schizophrenic trading environment where investors are worried about the current administration but pleased with earnings season so far. The S&P 500 slipped 0.12%, Nasdaq 0.01% and the Dow Jones Industrials Average 0.03% at 9:18 p.m. EST.

During this time, many of the company’s most important markets — in particular, Venezuela, Colombia and Brazil — have suffered from weak economies and currency devaluations that caused demand for Copa’s fares to drop precipitously. However, the company’s third quarter earnings report left many investors feeling much better about the airline’s prospects heading into 2017, with CEO Pedro Heilbron remarking: Duringthis third quarter, we saw a clear improvement versus 2015 and the first half of 2016, and believe that the worst is behind us.

European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment. European stocks were mixed early Tuesday as political concerns linked to elections in France and Italy and disappointing economic data from Germany weighed on sentiment.

China’s foreign currency reserves fell below $3 trillion for the first time in more than five years as capital outflows accelerated owing to the reduced value of the yuan. China’s foreign currency reserves fell below $3 trillion for the first time in more than five years, officials said Tuesday, as capital outflows accelerated owing to the reduced value of the yuan.

European shares rose on Tuesday pushing the benchmark STOXX 600 back slightly into positive territory for the year with some encouraging company updates and gains in healthcare stocks helping to counter weakness in oil majors and eurozone banks. Chipmaker AMS rose 13.6 percent, poised for its best-ever day following results while food-processing machinery maker GEA was up 5.5 percent after a setting a brighter outlook for its profits.

BNP Paribas SA posted fourth-quarter profit that missed estimates as earnings fell at the French consumer-banking business. The lender also laid out a multi-year plan to lower costs and boost investment in technology.

This is one of most accretive capital return programs out there, simply by virtue of its size. Most of the time, companies opt to merely offset the dilution associated with stock-based compensation to employees.

European stocks are set to open modestly lower Monday as investors prepare for a hectic week of corporate earnings both here and in the United States. European stocks are set to open modestly lower Monday as investors prepare for a hectic week of corporate earnings both here and in the United States with more than 120 reports expected over the next five days.

European stocks are set to open modestly lower Monday as investors prepare for a hectic week of corporate earnings both here and in the United States. European stocks are set to open modestly lower Monday as investors prepare for a hectic week of corporate earnings both here and in the United States with more than 120 reports expected over the next five days.

Japan’s Nikkei share average rose on Monday as bank stocks climed following measures ordered by U.S. President Donald Trump to reduce regulation in the financial sector, although a slightly stronger yen kept gains limited. The broader Topix gained 0.4 percent to 1,520.42 and the JPX-Nikkei Index 400 added 0.3 percent to 13,618.16.

Japan’s Nikkei share average rose on Monday as bank stocks climed following measures ordered by U.S. President Donald Trump to reduce regulation in the financial sector, although a slightly stronger yen kept gains limited. The broader Topix gained 0.4 percent to 1,520.42 and the JPX-Nikkei Index 400 added 0.3 percent to 13,618.16.

China stocks rose on Monday morning, with sentiment helped by reported progress in restructuring state-owned enterprises , but the rebound was curbed by the central bank’s surprise move to raise short-term interest rates late last week. Despite the tightening there were capital outflows to the Hong Kong share market, putting the index on track to break a four-day losing streak, with gains led by mainland companies.