• Futures point to a higher opening in today's European cash session 
  • Jobless claims, Eli Lilly results and Fed's Barkin speech
  • US100 struggles to break above the 200-day EMA

Yesterday's session on Wall Street and European markets performed mixed. US indices, despite strong upward momentum at the start of the cash session, closed lower intraday. The Nasdaq lost 1.05% at the close, while the S&P500 lost 0.77%. Despite the deterioration in sentiment at the end of the U.S. session, futures contracts indicate that today's session may also see an attempt to resume buying pressure. Contracts based on the DE40 are up 0.76%, while the US100 adds 0.98%. 

The focus today will be on US jobless claims data, the Fed's Barkin speech, and quarterly results from Eli Lilly (Novo Nordisk's main competitor in developing an anti-obesity drug).

Detailed macro calendar:

  • Eli Lilly (LLY.US) results - before the session on Wall Street
  • 01:30 pm BST, US - Jobless Claims. Expected: 240k Previously: 249 thousand.
  • 03:30 pm BST, US - EIA data on natural gas inventories. Expected: 22 bn. Previously 18 bn. 
  • 08:00 pm BST, US - Fed's Barkin speech. 
  • Take-Two Interactive (TTWO.US) results - after the session on Wall Street
  • Paramount Global (PARA.US) results - after the session on Wall Street