An anemic Wall Street remains gold’s best hopes for a rally toward $1,300, although heightened trade war rhetoric and a potential Democratic victory in the U.S. midterm elections could also be drivers for the yellow metal, which on Friday posted a fifth-straight week of gains.

NEW YORK – Robust corporate results helped world stock markets surge on Wednesday, bringing some relief to jittery investors after a brutal October sank equities with one of their worst drops since the financial crisis 10 years ago.

Trecora Resources (TREC) had a rough trading day for Thursday November 01 as shares tumbled 9.54%, or a loss of $-1.03 per share, to close at $9.77. After opening the day at $10.68, shares of Trecora Resources traded as high as $10.68 and as low as $9.74. Volume was 70,571 shares over 567 trades, against an average daily volume of 31,313 shares and a total float of 24.49 million.

LG Uplus’ third-quarter earnings were stronger than expected, said Mirae Asset Daewoo on Nov. 2 maintaining a “buy” recommendation and 21,500 won (US$19.06) target price.

As volatility rocks markets, is it still a good time to invest in US stocks or time to take profits and run?

Equity markets in the EU surged more than 1.0% on strength in earnings. Equities around the world continue to rebound in Wednesday trading despite signs of slowing growth in China. Shares of General Motors surged nearly 10% on its blowout earnings report.

Trump easing concerns over the US -Sino trade war saw Wall Street rebound on turnaround Tuesday, after a wild start to the trading week. The President soothed the markets with comments that he is willing to negotiate with China on trade. The Dow rocketed over 400 points, whilst the S&P and Nasdaq jumped 1.6%. These are the most encouraging comments that we have heard from Trump regarding the trade war, which is providing a glimmer of hope to traders that Trump could be turning a corner on this policy ahead of the midterm elections.

Visa, Goldman Sachs, Microsoft and Caterpillar were top gainers on the Dow

In a market wrap, analysts at ANZ Bank New Zealand Limited explained that US equities were up overnight after European bourses followed the bounce in Asian equities.

After week three of the US earnings season, around 250 S&P 500 Index companies have reported Q3 results, representing roughly 60% of total index earnings. Consensus earnings growth expectations now stand at +23% against the same period last year, up from +20% at the beginning of the earnings season. The upside revisions are broad-based, led by technology, healthcare and communication services. Real estate and utilities are the only sec-tors where consensus expectations have been revised to the downside. In contrast to market perception, management guidance has also surprised to the upside. In total, 69% (long-term average 54%) of the companies have beaten earnings expectations, and 55% (average 55%) have beaten sales expectations.