Key Global Events

Corporate bankruptcies are steadily rising because of the many debt loads when money was cheap with significantly lower interest rates than now. Central banks seem poised to keep rates high longer than previously budgeted. 

This could lead to the first round of defaults since the great financial crisis.
Inflation in the U.K. cooled more than expected to 7.9% compared to forecasts of 8.2%. Euro zone inflation test confirms market expectations. Year-on-year inflation falls to 5.5% from 6.1% previous. On monthly basis increases to 0.3%.

Tonight Tesla and Netflix quarterlies.

European stock exchanges continue the session trading mixed after European inflation data. Milan's FTSE MIB -0.12%, Paris' CAC +0.10%, Madrid's IBEX -0.10%, London's FTSE +1.70%.
Futures of major U.S. indexes trade above parity, indicating a bullish opening for Wall Street. Dow Jones +0.01%, S&P500 +0.08% and Nasdaq +0.24%.

Forex & Commodities

Following the macro data, the euro loses ground against the dollar and trades below parity around 1.1218 (-0.07%). Sterling increases its loss by giving up -0.92% to 1.2916. Among commodities, oil moved above $76 (+0.71%). Gold trades steady around parity at 1981 dollars an ounce (+0.04%).

Index

Asian stock markets traded in mixed territory. Tokyo's benchmark Nikkei 225 index closes at 32,896.03 (+1.24%). China's Hang Seng index closes trading at 18,952.3 (-0.33 %).

Global Macroeconomic Data

US - At 4:30 p.m. U.S. crude oil inventories will be published.