As Traders Await Apple’s Results, US Futures Rise – Europe Market Wrap

US stock futures rose as investors anticipated Apple’s results as the next test of technological resiliency.

Nasdaq 100 futures jumped 0.6%, while S&P 500 contracts gained 0.4%. Apple is anticipated to report record quarterly earnings later today. In premarket trade, tech stocks continued to surge, with IBM up 8% and Meta up on expectations of further AI gains. Tesla rose as much as 4.1% on investor excitement about the company’s robotaxi and AI possibilities.

The focus now shifts to the ECB, which is likely to slash interest rates by a quarter percent later Thursday in order to stimulate the stagnant Eurozone economy. European government bonds rose after Germany and France reported weaker-than-expected GDP data.

According to an Asia-based FX trader, the Yen gained up to 0.6% against the Dollar as fast money traders placed wagers on the currency.