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Global markets rallied overnight as investors once again shifted their attention back to strong corporate earnings in the US.
Facebook leapt higher in New York, after posting results that exceeded expectations and at least for the moment set aside concerns about the misuse of its users’ private data. After the closing bell, Amazon also reported results and forecast second-quarter profit that topped analysts’ forecasts, buoyed by swelling ranks of Prime subscribers and a profitable cloud-computing division that’s winning more corporate customers. Once again, earnings will be key to supporting markets at the current juncture and so far they have not disappointed.
Categories: International Stocks & Other