European stock futures aided by positive tech results. As financial concerns resurface Stock markets are set to get mixed today
The reappearance of banking fears has been detrimental to European Markets
The FTSE 100 futures contract in the UK dipped 0.2 percent, and the CAC 40 futures in France increased 0.3%. And the DAX futures contract traded 0.4% down at 02:00 ET (06:00 GMT).
UBS (SIX: UBSG), a Swiss institution, and Santander (BME: SAN), the second-largest bank in the eurozone with respect to market value. Let the markets slide Tuesday with their quarterly earnings reports.
After disclosing $100 billion in client withdrawals a month ago, First Republic Bank (NYSE: FRC) stock fell overseas. Raising worries for the whole U.S. regional banking industry.
Creating the stage for the financial results of businesses like HSBC and Lloyds (LON: LLOY). NatWest Group (LON: NWG) will all be reporting profits
Stock markets boosted by few US company earnings
The Q1 earnings from American IT giants Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL). Which owns Google, exceeded market forecasts, and helped bolster the stock markets overnight.
The German GfK consumer mood index for the next months increased from the previously reported level of -29.3 to -25.7 in May. according to economic data.
ECB policymakers will speak today
Late in the period, an array of ECB officials, notably Andrea Enria, and Kerstin Jochnick. And Luis De Guindos, are to speak. These speakers may provide insight into the direction that the central bank may take with respect to monetary policy in the future.
The primary unanswered issue is whether the ECB would increase interest rates by a quarter-point or a half-point in the first few days of May.
Crude oil futures are trending higher on Wednesday
Following substantial declines in the previous session, oil prices increased on Wednesday. The declining gasoline stocks in the world’s top oil consumer suggested strong demand.
On Tuesday, oil slipped more than 2% in both benchmarks, The declaration of a second output cut beginning in May.
Late Tuesday, data from the API revealed that US oil stocks decreased by slightly over 6 million barrels this past week. Above the 1.7 million barrel expectation, US gasoline inventories decreased by 1.9 million barrels.
U.S. oil futures were trading up 0.9 percent at $77.77 a barrel by 2:00 ET, and the Brent price was up 0.8% at $81.24.
The price of gold futures increased by 0.1% to $2,004.95/oz, and the EURUSD exchange rate increased by 0.1% to 1.0987.
