It might be interesting later today when first US big bank names report- S+P 500 in focus

The first of the big US companies reporting their Q1, 2025 earnings will break across the screens later this morning. We have earnings reports from BlackRock (BLK) at 9.55am GMT, Bank of New York (BK) at 10.45am GMT, JP Morgan Chase (JPM) at 10.55am GMT. Also out are numbers from Wells Fargo (WFC) at 11am GMT and finally Morgan Stanley (MS) at 11.35am GMT. As noted here earlier in the week, it might not be the earnings numbers themselves which might move the markets the most right now, given the current backdrop. What is likely to be more market moving will probably be the guidance these Banks might have to offer for Q2. That especially applies to JPM, the biggest of this bunch. All these stocks are quoted on the S+P 500 index. That index closed 188.35 points lower yesterday, at 5,268.05, but at one point earlier in the session, it fell to 5,115.27. As just noted when looking at the DAX, the S+P 500 futures have lifted in recent trade and right now the index is priced to reopen around 5,323. We shall see, if these Bank earnings report add to that elevated opening outlook, or detract from it