Equities Gain, U.S. Yields Fall As Positive Earnings Season Kicks Into Gear

• Global equity markets rose on Monday, while U.S. Treasury yields dipped as investors were buoyed by a better-than-expected U.S. corporate earnings season that kicked into gear this week. 
• A large proportion of S&P 500 companies are due to report results, including technology heavyweights Facebook, Apple Inc, Amazon, Microsoft, and Alphabet that have been the drivers of the market rally this year. 
• "The number one thing is that earnings are better than expected and what's more interesting is that as we approach the end of the year, we're going to see forward guidance being lifted, which would make the market multiple more reasonable," said Thomas Hayes, chairman of Great Hill Capital in New York. 
• The MSCI world equity index, which tracks shares in 50 countries, was up 0.29%, while the pan-European STOXX 600 index gained 0.07%.

(Source: Reuters)