On India Deal, European Margin & Bullish Analysts

The US and India have cut a trade deal that looks like a win-win for both sides and a win as well for the global economy. William shares the details and potential derailers. While caveats abound, the deal offers some hope of calmer geoeconomic dynamics ahead. … Also: Melissa examines the source of the Europe MSCI companies’ collective earnings growth. Record-high margins have done the heavy lifting, but they don’t seem sustainable, calling into question the sustainability of decent earnings growth. … And: Joe reports that strong Q4 earnings reports have been lifting analysts’ estimates for Q1 and beyond.