- Derivatives point to higher opening of European session
- Investors await results from Microsoft and Alphabet
- GDP data from the eurozone and JOLTS from the US
European futures point to a higher opening of the cash session in Europe. Markets in the APAC region traded in slightly weaker sentiment. Chinese indices were trading with sizable declines, which negated part of the rebound seen recently. The Hang Seng is currently losing 2.02%. Markets in Korea and Japan are posting slight gains.
Last night's improvement in market sentiment was supported by the U.S. Treasury Department's announcement that it expects to take on $760 billion in net market debt in January-March, down $55 billion from its October 2023 estimate. The news triggered a drop in US 10-year yields during yesterday's session.
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Open account Try demo Download mobile app Download mobile appHighlights of the day include: regional inflation data in the Eurozone, a GDP report from the Eurozone, as well as JOLTS data. The calendar will be topped off with quarterly reports from UPS, Pfizer, Marathon Petroleum, Microsoft, Alphabet, Starbucks and AMD.
Macro highlights of the day:
08:00 am GMT - Spain, CPI inflation and GDP report.
09:00 am GMT - Germany and Italy, GDP report.
10:00 am GMT - Eurozone, GDP report
10:30 am GMT - SNB’s Jordan speech
03:00 pm GMT - US, JOLTS labor market data and CB index
03:30 pm GMT - ECB's Nagel speech
09:40 pm GMT - US, API crude oil inventory change survey report
Companies' quarterly reports:
UPS (UPS.US) - before the opening of the session on Wall Street
Pfizer (PFE.US) - before the opening of the session on Wall Street
Microsoft (MSFT.US) - after the close of the session on Wall Street
Alphabet (GOOGL.US) - after the close of the session on Wall Street
AMD (AMD.US) - after the close of the session on Wall Street
Starbucks (SBUX.US) - after the close of the session on Wall Street
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