US equity futures gained alongside markets in Europe as corporate earnings served to lift optimism amid persisting inflation and growth concerns.
Futures in the US rose, with Nasdaq 100 contracts outperforming. The tech-heavy index led overnight advances thanks to Tesla's surge to a $1 trillion market cap. In pre-market trading, Facebook climbed on the back of strong user growth and a vow to buy back up to $50 billion in stock. After the market closes today, Twitter, Alphabet, and Microsoft will release their earnings.
The Stoxx Europe 600 index increased by more than 0.5%, closing near a new high set in September.
France's Finance Min. Le Maire: A reform of the European energy market is needed.
Goldman Sachs CEO Solomon: The likelihood of high inflation and slow development is growing.
In 2023, the German government forecasts a 1.6% increase in GDP - Sources.
The German government anticipates that inflation will rise to 2.9% in 2021, then fall to 2.2% in 2022 and 1.7 % in 2023 - source.