Next week’s full-year results from HSBC (HSBA.L), Lloyds (LLOY.L), Barclays (BARC.L) and RBS (RBS.L) will be crucial.
The MSCI world index of stocks, which tracks shares in 47 countries, was up 0.4 percent.
Stocks, bond yields steamed higher while the dollar tumbled, as investors suddenly seemed to forget the inflation fears blamed for a brutal market sell-off.
If US inflation does accelerate, markets could see Treasury yields get above the 3% level that several investment banks had set as their year-end target.
S&P mini futures fell as much as 2.5 percent to nearly four-month lows in Asia.
The lag in earnings expectations could make European shares more vulnerable to a potential pullback. European stocks just had their worst week in more than a year.
World stocks were in their biggest two-day dive in six months and commodities were also jammed in reverse, as rising U.S. borrowing costs cooled financial markets.
Investors are anxiously awaiting US Treasury publications due out next week that could detail ways of expanding sanctions against Russia.
World stocks were set for their 10th straight week of gains, while the euro jumped more than half a percent as comments by U.S. officials this week.
Next week’s heavy slate includes US manufacturers, basic industries and tech, while in Europe there is UBS on Monday and Novartis on Wednesday.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM