Overnight roundup courtesy of Spreadex – 19/07/13

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European equities have opened softer this morning in sympathy of an overnight slide in Asia and with large-cap tech missing estimates on Wall Street. Google and Microsoft disappointed the street after announcing profits lower than forecast by analysts. 

Despite the weakness in stocks this morning, global equities are still on track to post a fourth week of gains, helping to underpin the generally bullish feeling in the market of late. The Fed has refrained from giving the market any reason to sell, moving investors to a continuation of owning risk. Earnings have largely acted to support this theme. 

Gold has shown positive signs too, holding above $1,280.


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