- Futures point to higher opening of today's cash session in Europe
- Super Micro Computer and Uber Technologies results in focus
After Monday's plunge in Japan's Nikkei, today was a case study of a "360-degree turn." The Nikkei 225 skyrocketed as soon as the cash market opened, so much so that a trading pause was announced after the opening surge in futures. Intraday, the index gained more than 10.24%. The yen fell, and the USD/JPY exchange rate rose to around 146.00.
The most important event of the day in APAC markets was the RBA's interest rate decision. As expected, the Bank of Australia kept rates unchanged at 4.35%. The bank reiterated its comment on the persistence of inflation and added that all options within the bank's causal mandate are on the table at a future Council meeting. AUD is currently leading gains in the broad FX market.
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Create account Try a demo Download mobile app Download mobile appNo important macro data readings are scheduled for today's session. Investors' attention will therefore turn to the publication of quarterly company data.
Macro calendar and earnings release schedule:
- Super Micro Computer (SMCI.US) - before the Wall Street session
- Uber Technologies (UBER.US) - before the Wall Street session
- Caterpillar (CAT.US) - before the Wall Street session
- Reddit (RDDT.US) - after the Wall Street session
- Fortinet (FTNT.US) - after the Wall Street session
- Rivian (RIVN.US) - after the Wall Street session
- Airbnb (ABNB.US) - after the Wall Street session
- 09:40 pm BST - US, API survey data on change in crude oil inventories
