📆 Monday, April 22
► European stocks and US futures climbed as investors shifted their focus from Middle East tensions to upcoming corporate earnings and economic data. The Stoxx Europe 600 index gained 0.25%, trying to regain positive momentum after last week’s losses. The U.K.’s FTSE 100 climbed 1.1%, while France’s CAC 40 was 0.1% higher and Germany’s DAX was up 0.3%. Prosus NV in Europe saw a significant share price increase following a rally in Tencent Holdings, sparked by the successful launch of a major mobile game.
► In the U.S., futures indicated a positive opening for Wall Street following last week's downturn, the worst since March 2023. The market's mood has improved as geopolitical risks ease as predicted by our Chief Analyst Robert Lindner, allowing investors to turn their attention to fundamental economic indicators and corporate earnings. High-profile earnings reports from tech giants such as Microsoft, Meta, and Alphabet this week are particularly in focus. German software giant SAP is scheduled to report today. These results are expected to heavily influence the S&P 500, with investors hoping that strong earnings can sustain its recent growth trajectory despite concerns over rising bond yields. Additionally, economic indicators such as US GDP and PCE Price data, the Fed’s preferred inflation measure, are set to be released this week and will be closely watched for further clues on monetary policy directions.
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