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·         Stock futures dip after major averages post first positive session in three

U.S stock index futures declined slightly in early morning trading on Thursday, eating into the major averages’ gains from the Wednesday session.

Futures contracts tied to the Dow Jones Industrial Average slid 28 points. S&P 500 futures and Nasdaq 100 futures both traded marginally lower.

A busy week of earnings season will continue on Thursday with a host of companies set to report quarterly results.

AT&T, D.R. Horton, Southwest, American Airlines, Union Pacific and Biogen are among the names on deck before the opening bell. Intel, Snap, Mattel, Boston Beer and Seagate Technology will report after the market closes.

·         Stocks in Asia-Pacific rose on Thursday, with Japanese shares leading gains among the region’s major markets.

Shares in Australia nudged higher as the S&P/ASX 200 gained 0.83% to close at 7,055.40.

MSCI’s broadest index of Asia-Pacific stocks outside Japan gained 0.38%.

 

·         Japanese shares jump after two-day declines, chip stocks advance

Japanese shares jumped on Thursday as investors scooped up chip-related and cyclical shares following a two-day decline across all sectors, with sentiment aided by an upbeat finish on Wall Street overnight.

The main indexes gained the most in more than seven weeks, with the Nikkei share average jumping 2.38% to close at 29,188.17, while the broader Topix rose 1.82% to 1,922.50.

Concerns about an economic slowdown amid preparations of fresh measures to tackle the spread of the virus eroded about 4% from the Nikkei and 3.5% from the Topix index over the last two days.

 

·         Stocks in mainland China closed mixed: The Shanghai composite slipped 0.23% to 3,465.11 while the Shenzhen component rose 0.412% to 14,209.44. Hong Kong's Hang Seng index rose about 0.5%, as of its final hour of trading.

 

·         European markets advance following global rally; ECB meeting ahead; Credit Suisse down 3.5%

European stocks climbed on Thursday following a global rebound in markets after days of negative sentiment.

The pan-European Stoxx 600 gained 0.5% in early trade, with tech stocks climbing 1.5% to lead gains as almost all sectors and major bourses entered positive territory.

Credit Suisse, meanwhile, reported a net loss of 252 million Swiss francs ($275 million) as it digests the impact of the Archegos hedge fund scandal. The Swiss lender’s shares fell more than 3.5% in early trade.

 

Reference: CNBC, Reuters

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