And boy, did they deliver. S&P 500 futures are up 0.7% whereas Nasdaq futures are up 1.5% on the day at the moment. There have been some jitters within the early yesterday however some late dip-buying helped to offset that just a little. All earlier than the earnings beat, which is resulting in a surge greater in equities forward of European buying and selling.

As Eamonn covered earlier, the Nikkei itself can also be buoyed and is buying and selling to a contemporary report excessive. European shares is likely to be much less correlated to the tech and AI-driven rally, however any excellent news for danger sentiment may also assist. That particularly because the DAX and CAC 40 are additionally at their highest ranges on report.

The query now could be, if that is going to result in a fast rebound to retest the report highs for the S&P 500. I would not rule that out, particularly with little else to affect buying and selling sentiment on the week.

We may have US weekly jobless claims and PMI knowledge at the moment to cope with. However barring any main surprises, danger trades have each purpose to remain supported going into month-end subsequent week.