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Strong earnings power global shares higher

Q1 profits at S&P 500 companies are expected to have risen 13.6%, strongest rise since 2011

Reuters  |  London 

Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting the bullish mood on Wall Street, where the closely watched "fear gauge" of implied equity market volatility closed at its lowest since before the global financial crisis. Forecast-beating earnings have helped push shares higher across the globe this year. ...

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First Published: Tue, May 02 2017. 15:50 IST