On Korea, Europe & US Earnings

With South Korea’s new president promising financial reforms that are bound to reward shareholders, the country’s stock market is sailing on a wave of optimism. The days of the long-standing “Korea discount” may be numbered, William reports. … Also: Melissa examines what the ECB’s recent rate cut telegraphs about the central bank’s intent going forward and the challenges it faces. … And Joe reports that S&P 500 companies’ collective forward earnings hit another record high last week, after not having done so since the week of Trump’s “Liberation Day.” However, analysts’ Q2 earnings sights are still low, despite last week’s uptick.