Bump in commodity shares, solid earnings lift stocks

Bump in commodity shares, solid earnings lift stocks
 

A gauge of major equity markets around the globe rose to a one-week high on Tuesday as rising commodity prices and solid earnings reports helped pull shares in Asia, Europe, and the United States higher.
Wall Street stocks rose, led by a slew of stronger-than-expected quarterly reports, including those from Netflix and UnitedHealth.
"The markets are expecting an inflection point as we move from the third to the fourth quarter, and so what they will be parsing in management guidance is for a view that earnings turn positive in the fourth quarter," said David Donabedian, chief... read more

 
18 October 2016 in World News, Views: 36
Source: Reuters
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