Global equities edge up on upbeat earnings; gold falls | Malay Mail

NEW YORK, Oct 27 — Equity markets gained globally yesterday as upbeat corporate earnings buoyed investor appetite for riskier investments, while gold prices fell nearly 1 per cent.

“Traders see this relatively strong earnings and other companies taking advantage of low interest rates to invest in capital expenditure as positive momentum,” said Michael Ashley Schulman, chief investment officer at Running Point Capital.The European STOXX 600 index hit its highest in seven weeks, adding 0.75 per cent.

“Even though this has been a good earnings season in aggregate, we are starting to see more companies with supply backlogs, hiring difficulties, and rising input prices that are eating into profits,” Deutsche Bank analysts wrote.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks gain as upbeat Wall Street earnings lift outlook | Malay MailNEW YORK, Oct 26 ― Global stocks rose and Treasury yields dipped yesterday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the US corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report results...
Source: malaymail - 🏆 1. / 86 Read more »