From NASDAQ: 2024-04-29 07:08:24

U.S. stock futures are up this morning as investors prepare for earnings reports, the Fed’s policy meeting, and the U.S. jobs report. Google parent Alphabet, Microsoft, and ResMed reported strong Q1 results, while Intel disappointed with weak guidance. U.S. economic data released on Friday showed strong personal spending and rising inflation.

Investors are eagerly awaiting the Fed’s interest rate decision and earnings reports from Apple, Amazon, and others this week. The U.S. Nonfarm Payrolls report for April will be closely watched. Euro Stoxx 50 futures are up following mixed economic data from Spain and the Eurozone. Reports on inflation and economic growth are expected on Tuesday.

Chinese markets closed higher today after the government relaxed property market restrictions. China’s industrial profits declined in March, but sentiment improved after CIFI Holdings reached a debt restructuring agreement. China Petroleum & Chemical reported lower Q1 profits. Investors await Chinese PMI data for further economic insights.

Japanese markets are closed today for a holiday. Tesla, Paramount Global, Apple, AT&T, Southwest Airlines, and Lululemon Athletica are among the pre-market movers. Tesla surged after clearing China’s data safety requirements and partnering with Baidu, while Apple rose on reports of talks with OpenAI for new iPhone features. AT&T upgraded, Southwest Airlines downgraded.



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