Sujata Ro shows us a glimpse at what lies ahead for the markets today

There is a resurgence in the markets. The Nasdaq is now at 10% after rebounding from its January troughs. Ten-year Treasury yields are five basis points lower than their recent highs. Europe’s opens higher following bumper earnings that propelled it to its highest day in 2 months.

Walt Disney (NYSE.) Co. allayed fears after Netflix (NASDAQ.)’s disappointing earnings report. It stated that the entertainment streaming market is in danger of being wiped out by the end of the pandemic. Disney stock rose 8.8% in the hours following a 34% increase in revenue and projections of greater subscriber growth.

Wall Street futures suggest a weaker open as U.S. Jan inflation data becomes available. CPI forecasts at 7.3% for four years, but many expect the figure to show that the economy is beginning to move past supply issues and shortages.

Although more than five quarter point Fed interest rate rises are being priced at year end, data may swing that outcome.

Tech investors have found positive signals from the bond market to be reassuring. The strongest 10-year Treasury auction demand was seen since May 2020. This is a signal that investors will be rushing to get higher yields and possibly cap their growth. Let’s wait to see what happens later that day at the 30-year auction.

Spain also bid 60 billion euro for a 7. billion-euro 30-year bond. The yields on the Spanish 10-year bonds are slightly higher at 35 bps.

These are the key developments expected to give more direction for markets Thursday

Credit Suisse has a terrible year ending with a $2.2 billion Q4 loss. SocGen triples its profit

-Unilever warns of high inflation, rules out big M&A; AstraZeneca (NASDAQ:) sees 2022 growth but COVID boost fades

RICS Housing Survey – UK

-Swedish Central Bank announces interest rate decision 0830 GMT

-ECB board member Philip Lane speaks 1315 GMT

Andrew Bailey, Governor of the Bank of England speaks on GMT 2015.

U.S. CPI/weekly unemployment figures

Bond auction – US 30-year bonds

U.S earnings: Linde, Twitter (NYSE)), Coca-Cola and Coca-Cola (NYSE), respectively. Moody, Philip Morris (NYSE), Kellogg (NYSE),). Expedia (NASDAQ:), Western Union (NYSE:), Mohawk. First Energy

-Emerging market central banks: Indonesia, Mexico, Peru, Serbia,

South Africa’s President Ramaphose will deliver the state of nation address