The major indexes climbed back toward recent highs as the bett | kamal

The major indexes climbed back toward recent highs as the better than expected revenue estimates from Alphabet and Amazon helped to bolster confidence, also helped by hopes of accelerated fiscal stimulus in the US. JPN225 gained 1% & ASX 0.9%, although Hang Seng and CSI 300 are currently both marginally lower after the PBOC drained some funds from the financial system. GER30 and UK100 futures are up 0.4% and 0.3% respectively.

Today: Focus mainly on fundamentals which will be a focal point near term with ADP & ISM services reports today, the jobs report Friday. Also Eurozone inflation data & final readings for Eurozone and UK Services PMIs meanwhile will act as a reminder that for now virus restrictions continue to weigh on overall activity and keep Europe on track for a recession over Q4/Q1.

Biggest Mover NZDJPY (+0.41% as of 08:00 GMT) - The asset rallied after New Zealand approved its first Covid-19 vaccine but also on the better than expected Q4 2020 Unemployment rate of 4.9% (vs. expected 5.6%).