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Earnings have helped to lift the mood so far in today's session, but risk appetite could be limited amid ongoing geopolitical risks and uncertainty over interest rates outlook. DAX technical analysis shows the German index is still residing in a bearish channel, despite the bounce.

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

US indices are seeing diverging performance, with the DJIA looking relatively weak and the Nasdaq 100 uptrend remaining healthy.

While the Nasdaq 100 has broken its 2024 uptrend, traders continue to buy the dip, generating a bullish signal on Thursday. That points to possible upside not only for US tech but also Japan’s Nikkei 225.

Nasdaq 100 analysis: What’s driving the market right now? Well, not much. PPI was mixed, which eased inflation concerns somewhat after a hot CPI report the day before. The focus is now turning to the first quarter earnings season. JPMorgan, Wells Fargo and Citigroup will start bank earnings on Friday.

USD/JPY looks to US CPI data, FTSE shrugs off China’s credit rating downgrade.

EUR/USD looks to Eurozone inflation data ahead of the FOMC rate decision. FTSE struggles on central bank jitters, and after China data,

Recent price action in Nikkei 225 futures points to upside risks this week, indicating confidence among traders that even with major events such as rate decisions from the Bank of Japan and Federal Reserve, along with Nvidia’s GPU Technology Conference, the bull market that helped propel the underlying index to record highs is anything but finished.

Friday looms as an important day on the directional risks for Australia’s ASX 200 with futures puncturing through uptrend support overnight dating back to when the Fed pivoted away from rate hikes in early November. Recent history suggests it may pay to wait to see whether the break sticks.

FTSE rises as the economy returns to growth, EUR/USD holds steady with ECB speakers & industrial production data due

Bull markets are born on pessimism, grown on scepticism, mature on optimism, and die on euphoria. The stealth rally in China's A50 and Hong Kong's Hang Seng is keeping to the script.

USD/JPY and Nikkei 225 futures have been heavily influenced by US bond yields recently, meaning Tuesday’s US consumer price inflation report looms as critical for how Japanese markets may fare over the short to medium term. The bias for all remains lower in the absence of another hot inflation number.

UK stocks track Chinese markets and commodities higher. Rising commodity and precious metals prices should support mining stocks, plenty of which are constituents of the FTSE. Meanwhile, technical analysis suggests the UK stock index could finally join global rally.

China’s export jump is a positive sign for demand. Rising commodity prices should support mining stocks in the FTSE. Meanwhile, technical outlook point higher for the UK index.

Especially for those traders who like to dabble in markets exposed to currency or interest rate risk.