Equity Futures Signal Continued Wall Street Rally

US equity futures indicate a sustained uptrend in the recent Wall Street rally, driven by robust corporate earnings and alleviated concerns about severe US tariffs.

Nasdaq 100 Surge

Nasdaq 100 contracts climbed 1%, led by Netflix's 15%+ premarket gain and Oracle's 10% surge in response to the US administration's AI investment plans.

Dollar Eases

The dollar index declined, easing concerns that President Trump's initial trade policy announcements would impose harsh levies. Fears of protectionism's impact on global growth had previously driven the dollar to a 13-month high.

Pro-Business Sentiment

Trump's initial policies have fostered positive sentiment, with investors focusing on pro-business measures.

Softened Tariff Concerns

Trump's consideration of a 10% China tariff follows earlier threats of 25% levies on Mexico and Canada, but his only concrete action so far is a trade practices review due in April. This delay allows trading partners time to address Trump's demands.

Stock Market Catch-Up

Bank of America's survey suggests catch-up trading among stock market laggards due to expectations of a softer approach on tariffs.

Bond Market Recovery

Steady Treasury yields indicate the bond market's skepticism of inflation concerns stemming from tariffs.

Tech Stock Recovery

The recovery in the bond market signals support for tech stocks. Evercore ISI's technical analysis predicts all-time highs for the Nasdaq 100 and S&P 500 Index in Q1.

Netflix and Oracle Surge

Netflix's Q4 earnings surpassed estimates, boosting its stock price. Oracle's partnership in an AI infrastructure venture also contributed to its premarket jump.

Key Events

* Samsung Galaxy "Unpacked 2025" event, expected to reveal new flagship phones
* Eurozone consumer confidence
* US jobless claims
* Bank of Japan policy meeting
* Eurozone PMI data
* US consumer sentiment and existing home sales

Market Movements

* S&P 500 futures: +0.6%
* Nasdaq 100 futures: +1%
* Dow Jones Industrial Average futures: +0.3%
* Stoxx Europe 600: +0.7%
* MSCI World Index: +0.2%
* Bloomberg Dollar Spot Index: -0.1%
* Euro: $1.0438
* British pound: $1.2355
* Japanese yen: 155.84 per dollar
* Bitcoin: $104,867.09
* Ether: $3,302.43
* 10-year Treasury yield: 4.57%
* West Texas Intermediate crude: $75.54 per barrel
* Spot gold: $2,754.15 per ounce