- US equity futures indicated gains for Wall Street as market participants ignored erratic company earnings and the prospect of additional central bank policy tightening in favour of hints of a Chinese economic recovery.

- On Tuesday, contracts for the S&P 500 rose 0.4%, while those for the tech-heavy Nasdaq 100 rose up to 0.6%. Goldman Sachs is expected to report additional first-quarter results, and the company's stock price increased by more than 1% as a result of its collaboration with Apple to launch a new high-yield savings account.

- In Europe, the figures on Chinese consumer spending helped luxury brands like LVMH and raise the Stoxx 600 benchmark. An encouraging bookings report from Easy Jet helped the performance of the travel sector.

- BofA fms: Net 63% expect weaker global growth, reversing 4 months of improvement; net 84% say CPI is heading lower.

- ZEW: Persistently high inflation rates and the internationally restrictive monetary policy are also weighing on the economy.

 


Ben
Ben