• European markets set for higher opening
• Bank of England expected to deliver 25 bp rate hike
• Earnings from Nikola and Virgin Galactic

Futures markets point to a much higher opening of today’s European session. FOMC meeting yesterday, more precisely Powell’s comments during the presser, sparked a rally in US indices and upbeat moods extended into other parts of the world. DAX futures currently trade around 300 points above yesterday’s cash close.

FOMC decision was a key event of the week but plenty more central banks will have a say today. Interest rate decision from the Bank of England is a key point in today’s calendar and the UK central bank is expected to deliver a 25 basis point rate hike, to 1.00%. Apart from that, investors will also be offered rate decisions from Norges Bank (exp. no change) as well as Czech National Bank (exp. +50 bp). Reports from Nikola Corporation and Virgin Galactic are highlights in today’s earnings calendar.

9:00 am BST – Norges Bank interest rate decision

12:00 pm BST – Bank of England interest rate decision

1:30 pm BST – Czech National Bank interest rate decision

1:30 pm BST – US, jobless claims. Expected: 180k. Previous: 180k

Wall Street earnings releases

• ConocoPhillips (COP.US) – before market open
• DoorDash (DASH.US) – after market close
• Monster Beverage (MSNT.US) – after market close
• Nikola Corporation (NKLA.US) – before market open
• Royal Caribbean Cruises (RCL.US) – before market open
• Shopify (SHOP.US) – before market open
• Virgin Galactic (SPCE.US) – after market close