European and US markets are mostly higher this afternoon, as a lack of any geopolitical developments encourages some cautious buying, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Equities edge higher
“The world has spent four days waiting for an Israeli response to Iran’s weekend attacks, and none has yet materialised. The wave of selling across global markets has subsided for now, though we suspect it could easily return should Tel Aviv opt for a major retaliatory action.”
Attention turns towards Netflix
“Netflix becomes the first of the (mostly) Magnificent 7 to report earnings tomorrow, which will give the market something else to focus on. While the broader US stock market has finally seen some real downside this week, Netflix stock is not even 4% off its record high. After an uneventful start to earnings season so far, perhaps the streaming giant’s numbers can inject some excitement.”
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