Strong U.S. earnings lift global equities amid inflation, geopolitical concerns

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  • U.S. stocks ended higher, European stocks fell
  • Oil near highest since 2014
  • Dollar having best week in seven months
  • <a href=”http://tmsnrt.rs/2yaDPgn”>Graphic: Global asset performance</a>
  • <a href=”http://tmsnrt.rs/2egbfVh”>Graphic: World FX rates</a>

WASHINGTON, Jan 28 (Reuters) – World stocks rallied on Friday as investors turned their eyes toward corporate earnings and ignored geopolitical turmoil and Federal Reserve tightening concerns.

Strong earnings from tech firms including Apple (AAPL.O), which rose nearly 7% after reporting record sales over the holiday quarter, buoyed U.S. markets during the session. read more

All three major U.S. stock indexes closed higher. However, the pan-European STOXX 600 (.STOXX) index closed down 0.99% on the day for a fourth week of losses, weighed down by worries over the situation in Russia and Ukraine. EU

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Economic data helped eased inflation fears, with U.S….

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