Pay rises are back in style for CEOs, writes the WSJ, as CEO pay climbs with the stock market: "Median pay for the chief executives of 104 of the biggest American companies rose 6.8% for fiscal 2016 to $11.5 million, on track to set a post recession record."

Meanwhile the Financial Times reported that analysts are reining in profit outlook as risks emerge on record-breaking stocks increases: "Earnings for companies listed on the S&P 500 index ... are predicted to rise 9 per cent in the first quarter, ... a reduction from the 12.3 per cent expected at the start of this year."