European and US Stock Futures Advance Ahead of ECB Rate Decision
Markets:
* Stocks: European and US stock futures gain in tandem with Asian shares.
* Currencies: Euro and Japanese yen strengthen, while British pound and Australian dollar weaken.
* Commodities: Oil prices remain stable.
Key Events:
* Eurozone: European Central Bank (ECB) rate decision on Thursday.
* US: Gross domestic product (GDP) and jobless claims on Thursday; Apple and Deutsche Bank earnings on Thursday; personal income and spending, PCE inflation, and employment cost index on Friday.
Company News:
* SoftBank Group considers investing up to $25 billion in OpenAI.
* Tesla shares decline after mixed fourth-quarter earnings.
Economic Indicators:
* Eurozone: GDP and unemployment data on Thursday.
* US: GDP and consumer confidence data on Thursday.
Technical Analysis:
* S&P 500 futures: Rise 0.3% to 105,211.92.
* Euro Stoxx 50 futures: Gain 0.2% to $1.0415.
* Nikkei 225 futures: Drop 0.3%.
Additional Insights:
* AI-related news boosts sentiment for tech stocks.
* Investors await clarity on US trade policy.
* ECB expected to cut rates by a quarter-point to support the economy.