From Nasdaq:

Asian-Pacific equity markets closed higher today, with the exception of India’s SENSEX, which fell 1.47% after yesterday’s market holiday. The European markets are mostly lower in midday trading, and U.S. equity futures point to a mixed market open later this morning as markets continue to be volatile. The earnings rubber will start to hit the road today as the December quarter reporting season moves into a higher gear.

Following its January monetary policy review meeting, the Bank of Japan kept its key short-term interest rate unchanged at -0.1%, and Chinese authorities are considering a 2 trillion yuan package of measures to stabilize the slumping stock market. The consumer confidence indicator in the Euro Area rose by 1.9 points to -15 in December 2023, the highest since February 2022.

Today is the New Hampshire primary, and we have the Richmond Fed Manufacturing Index figures for January being published at 10 AM ET. Goldman Sachs raised its prediction for 4Q 2023 GDP to 2.1%, up from its prior forecast and indicating growth in the domestic economy. U.S. and UK military forces conducted a fresh round of strikes yesterday, targeting eight Houthi sites in Yemen in response to the militant group’s attacks on ships traveling through the Red Sea.

Yesterday saw a continuation of Friday’s market action, although with not as strong a result. Consumer Staples and Utilities were the only sectors to trade lower. The S&P 500, Nasdaq Composite, Dow, and Russell 2000 all posted gains, reflecting a muted rally. United Airlines reported better-than-expected quarterly earnings, while software solutions company Agilysis and Netflix executive Scott Stuber made market moves. The upcoming IPO calendar is robust, with several major companies expected to report quarterly results after the market closes.



Read more: Daily Markets: Will Earnings Guidance Clear the Way for More Market Gains?