📆 Tuesday, April 23
► European equity futures climbed, with the Euro Stoxx 600 advancing by 0.5% driven by strong earnings from Novartis and Renault. Novartis raised its full-year revenue and operating income forecasts as key drugs exceeded sales expectations. Renault reported robust first-quarter sales, buoyed by strong demand for its latest models. The London FTSE 100 (+0.35%) hit an all-time high, buoyed by optimism around corporate developments and anticipated rate cuts by the Bank of England. The positive sentiment was mirrored across other European indices, including Germany's DAX (+0.6%) and France's CAC (+0.35%), which were supported by favorable flash PMI readings, suggesting resilience in the business sector despite ongoing economic pressures.
► In the U.S., stock futures rose slightly as markets digest the potential implications of a busy earnings week. Investors are poised for reports from about 180 companies that constitute over 40% of the S&P 500's market value. This earnings season is particularly significant as it follows market turbulence driven by geopolitical fears and the Federal Reserve's signals of maintaining current rate levels, keeping investors wary of future guidance and earnings resilience.
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