Economic news

World markets roll higher on bigger earnings by U.S. companies

Global equity markets were perked up by higher-than-expected profits by U.S. firms today, with both Asia’s and the EU’s stocks following suit of Wall Street’s maximum daily uptick in eight months, shrugging off difficulties with international trade and world economy growth.

Despite withholding effect on the rises of emerging markets from the dollar’s slight recovery after the minimums of two weeks, lesser strain in relations between Riyadh and Washington, together with signals suggesting that currency crisis in Turkey is over, drove them up.

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