Global stocks extend rise after blockbuster U.S. result


LONDON (Reuters) – the mood on the stock markets of the world improved concerns on global forecast-beating US company results on Wednesday, as Asian and European shares Growth and trade aside and took their cue from Wall Street best day rise in eight months.

file photo: the London Stock Exchange Group offices are in the city of London, England, 29 December 2017. REUTERS/Toby Melville / file photo

while the dollar mini bounce off two-weeks lows checked emerging-markets gains, they were supported by easing tensions between Saudi Arabia and the United States, as well as signs, the Currency crisis in which Turkey had was laid to rest.

A pan-European equity index rose 0.15 percent to a one-week-high. Earlier, ex-Japan MSCI stock index added 0.6 percent, while Japan’s Nikkei jumped 1.3 percent.

following gains a dazzling New York session where counted the three major indexes their largest one-day percentage gains since March more than 2 percent rise. [.N]. SSFs are signals set for another strong session.

all of this marks a partial recovery of a recent retreat, which saw the S & P 500 index post their biggest weekly drop since March.

while many investors skeptical is the recent volatility is over, they hope also an another strong quarter of company profits are by trade frictions on the jangled nerves to calm down and rising bond yields. Results in the third quarter for S & P-500 companies growing 21.8 percent according to I/B/E/S Refinitiv, are.

“there are negative risks only in the short term, but on the positive side we have good results and data from the United States”, said Christoph Barraud, an economist at Paris-based brokerage market securities.

“correction of last week was extremely, a lot of people (market) was short, so this is a bit of normalization.”

shot the latest achievements of Netflix, the 12 percent after the market close, as its results beat market expectations have been raised. In extended trading the shares of alphabet Inc, Facebook Inc and Amazon.com Inc to about 1 percent sent.

four form the so-called fishing group of growth companies, which has lost some of its momentum in the last few months after leading gains in the last few years.

big banks Goldman Sachs and Morgan Stanley posted better than expected quarterly profit. And on the front, calming fears that the economy can run steam data US industrial production rose a fourth month in a row in September.

Barraud said the outperformance of U.S. stocks is expected to continue.

“people want money, where’s best visibility…” In the United States, you have visibility, yield strength (and) buy-backs and dividends growth… So said the United States remains attractive compared to their peers, “he.

A 1-week high touched

MSCI of global stock index. The 47-country benchmark rose a quarter percent after enjoying its largest one-day gain since mid-2016 on Tuesday with a rise of 1.7 percent.

dollars and EMERGING MARKETS

also favored the happy mood emerging-markets currencies and took some steam out of the safe-haven yen. The latest investor survey by BofA Merrill Lynch Fund Manager found now emerging-markets currencies as of at the most undervalued per US dollar.

Turkey Lira is trading only from 2 1/2-month highs, have rallied 10 percent in recent weeks, such as the release of an imprisoned U.S. pastor fueled hopes of a rapprochement with Washington. Ankara said that selling had been’s investors for $2 billion of bonds on Tuesday at $6 billion in bids, even though it had to pay a significant new issue premium.

Saudi stocks and currency stabilized even after President Donald Trump Saudi Arabia gave the benefit of the doubt in the disappearance of dissident journalist Jamal Khashoggi.

but MSCI emerging currency index declined 2 1/2-week highs, losing momentum as the dollar fixed. Shares emerging countries slackened earlier session highs.

the dollar rose 0.15 percent against a basket of currencies after fresh criticism of the fed from Trump is undermined on Tuesday. He told Fox business network: “My biggest threat is the United States.”

“while such abuse should anything in regards to my not what actually does the fed, it is a factor that the sentiment towards the dollar something undermines” said Ray Attrill, head of the National Australia Bank, currency strategy.

minutes of the last Fed meeting by the later Wednesday and should show that it required further tightening.

on the oil market, Brent crude oil futures rose by 0.4 percent for a fourth day gains after data showed falling US crude inventories. There are also risks of supply disruptions caused by sanctions against the Iran and tensions with Saudi Arabia.

Editing by our standards of Larry King

more coverage by Wayne Cole in Sydney/Australia:the Thomson Reuters trust principles.

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