Key Global Events

Closing out the week, American Express (AXP) will release second quarter earnings. Revenues expected at 15.41 billion and EPS at 2.81. Next week it will be the turn of Big tech starting with Meta, Amazon, Alphabet and Microsoft.

U.S. and European indexes are preparing to close the week in the positive with the only exception of the Nasdaq, which after the quarterlies saw Tesla and Netflix stocks give up a lot of ground causing the index to slip below par.

The next meeting is expected to see a further hike by the European central bank one year after the first rate hike.

A cautious start for European stock markets as they prepare to close weekly trade on a positive note. Milan's FTSE MIB +0.04%, Paris' CAC +0.01%, Madrid's IBEX +0.12%, London's FTSE +0.21%. Wall Street futures trade above parity at the opening of European listings. Dow Jones +0.17 %, S&P500 +0.17% and Nasdaq +0.21%.

Forex & Commodities

At the opening of European stock exchanges, the euro and sterling trade higher prevailing over the greenback. EURUSD after yesterday's correction trades around 1.1144 (+0.13%). GBPUSD cross gains 0.20 %. Among commodities, energy and metals on the rise with oil trading above $76 per barrel (+0.94%).WTI is preparing to end the week with a profit greater than 1%. Gold trades around $1972 an ounce (+0.07%) (weekly +0.44%)

Index

Asian stock markets traded mixed after the release of Japan's national general consumer price index, up 3.3%. Tokyo's benchmark Nikkei 225 index closes down at -0.46%. China's Hang Seng index trades at 19,048 (+0.66%).

Global Macroeconomic Data
CAD - At 2:30 p.m. Canadian retail sales data will be released, expected to decline to 0.3 % on a monthly basis.