Expected jump in the markets | Four US banks to report | Econocom trading update

Futures contracts suggest, at the current stage, a opening up around 0.6% of the New York Stock Exchange.

Yesterday Thursday, US markets ended up sharplya rebound driven by the energy and financial sectors despite higher-than-expected inflation in the United States in Septemberbolstering expectations of another sharp Fed rate hike.

The Dow Jones index jumped 2.83% to 30,038.72 points. The broader S&P-500 gained 2.60% to 3,669.91 points. The Nasdaq Composite rose by 232.05 points (2.23%) to 10,649.15 points.

The poor inflation figures, which reinforce the prospect of seeing the US Federal Reserve raise its key rates by 75 basis points next month, for the fourth time in a row, first caused Wall Street to plunge. But the indices then recovered, with some strategists evoking in particular a technical support around 3,500 points for the S&P.

The oil majors took advantage of the rise in crude prices and financial stocks were also sought after while the major US banks will start publishing their quarterly results on Friday.

Walgreens Boots Alliance

gained more than 5%
after posting better-than-expected results in the fourth quarter.

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