Apple, Amazon Headline Earnings Crunch as Oil Bulls Cheer

Mega-Cap Earnings in the Spotlight

The biggest event today is AAPL and AMZN reporting after the close. Apple carries a $4.97 trillion market cap into the print. Amazon follows at $2.44 trillion. In Europe, Sanofi already posted results alongside ING Groep. BMW reports too, adding auto-sector colour to a packed global calendar.

Energy Bulls Get Their Moment

XOM and CVX head into earnings with analysts forecasting their best results in 15 quarters. Brent above $100, driven by US-Iran tensions, has put options buyers in a strong position. Both names show bullish options flow this week. Air Products already delivered today — the stock surged after strong profit growth and raised guidance.

Meta Bears Dig In

META faces a wall of skepticism ahead of its earnings. Wall Street sentiment is turning cautious. The stock's RSI sits at just 41.4 and it's down 11% year-to-date. Options flow shows negative bets dominating. Bears are also circling CHWY — short interest hit 80% of free float, up 14 points in a week.

Macro Risks Mount

The Fed held rates even as investors fret over Iran war-driven inflation. US borrowing costs hit a 19-year high according to FT Markets. South Korean equities fell sharply overnight as the AI bubble deflated around Samsung and SK Hynix. European stocks slid but defence names rallied after Ukraine ratified a $105 billion EU loan deal. ICE also made headlines — NYSE's owner agreed to buy bond platform MarketAxess in a $5.7 billion deal.