US equities had a positive session yesterday. The S&P 500 rose 1.6%, with gains broad based across all sectors.
On the corporate earnings front, Under Armour (the sports apparel company) was the standout performer. Its shares jumped 28% on the back of earnings which showed tangible signs of a turnaround at the sports brand.
In economic news, a key index of consumer confidence rose to a reading of 137.9, a 17 year peak, driven primarily by a strong labour market and expectations that economic growth will remain strong in the near term.
European markets closed marginally lower yesterday. The Euro Stoxx 50 index fell 0.2%, the German DAX index lost 0.4% and the French CAC settled 0.2% lower.
For the day ahead, companies such as Dialog Semiconductor, Airbus and Next will report earnings. In terms of data, inflation and unemployment numbers are due in Europe.
Asian equities had a strong session overnight. Japanese stocks gained 2.2% and Chinese equities finished 1.4% higher.