Key Global Events

From the first session next week, the rebalancing of the U.S. Nasdaq 100 index will go into effect. The index has been remarkably rebalanced for the first time since 2011 to reduce the dominance of technology megacaps such as Microsoft, Nvidia, Amazon and Tesla. The index has gained nearly 35 percent since the beginning of the year.

The U.S. and European indexes are preparing to close the week on a positive note with the only exception of the Nasdaq, which saw Tesla and Netflix stocks give up a lot of ground after the quarterlies causing the index to slip below par.
Ahead of upcoming quarterlies that will have the big tech companies under the lens, American Express will close out the week today. Revenues expected at 15.41 billion and EPS at 2.81.

Futures of major U.S. indexes trade in a sustained uptrend, indicating a bullish opening for Wall Street. Dow Jones +0.15 %, S&P500 +0.39% and Nasdaq +0.66%.

European stock exchanges continue the session trading up. Milan's FTSE MIB +0.26%, Paris' CAC +0.39%, Madrid's IBEX +0.14%, London's FTSE +0.31%.

Forex & Commodities

EURUSD continues yesterday's correction, trading around 1.1124 (-0.03%). GBPUSD cross gives up 0.30%. Among commodities, oil approaches $77 a barrel (+1.41%).WTI is preparing to end the week with a nearly 2% profit. Gold trades around $ 1966 an ounce (-0.20%) (weekly +0.15%)

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 closed lower at -0.46%. China's Hang Seng index closed weekly trade at 19,076 (+0.80%).