Global shares rally on earnings, data, bond prices slip

Global equity markets rose and bond prices eased on Tuesday on solid corporate earnings on both sides of the Atlantic and an upbeat U.S. The Fed is also expected to announce the end of its massive bond-buying stimulus, known as quantitative easing. With 245 companies in the S&P 500 having reported earnings so far in the third quarter, 73.5 percent have beat analyst expectations, according to Thomson Reuters. "Corporate earnings continue to surprise and that has been the wind in the sails of this rebound," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.

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