Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow
Bank of Japan press conference
The Bank of Japan is expected to leave its 10-year yield rate and policy rate unchanged at 0% and -0.1%, respectively, when it delivers its decision Tuesday following a two-day meeting.
Following a brief bid in the yen early January after the Bank of Japan trimmed its purchases of bonds, the safe-haven currency has come under pressure against the greenback as traders scaled back expectations that the central bank was poised to announce plans to taper its loose monetary policy measures.
Markets expectations were perhaps too hawkish concerning the Bank of Japan's timeline to normalization, Action Economics said, adding that it expects BoJ chief Haruhiko Kuroda to stress the importance of a gradual approaching to unwinding the central bank's stimulus programme.
USD/JPY rose 0.23% to Y110.96.
U.S. crude oil stockpiles to show large decline?
Traders look ahead to a fresh batch of crude oil inventory data from the American Petroleum Institute due Tuesday.
The American Petroleum Institute reported crude oil stockpiles fell by about 5.12 million barrels for the week ended Jan. 12.
Crude oil futures have made bullish start to the week amid positive commentary on OPEC-led output cuts, and expectations that ongoing oil demand growth would underpin rebalancing in markets.
Netflix to inspire Nasdaq to record highs ?
Netflix Inc (NASDAQ:NFLX) reported fourth-quarter earnings of $0.41 per share on revenue of $3.286 billion, up from $0.15 per share and $2.478 billion respectively.
The company said it added 8.3 million subscribers during the quarter, well above analysts’ estimates of a range between 6.2 million and 7 million.
U.S. net subscriber additions, meanwhile, were 1.98 million, compared to expectations of 1.27 million. International subscriber net additions were 6.36 million compared to expectations of 5 million.
Forward guidance was estimated at $3.67 billion for the first quarter 2018, ahead of analysts’ estimates of $3.49 billion, while EPS is expected to rise to $0.63 per share, compared to analysts’ estimates of $0.56 per share. Despite the threat of rising competition, the company said it expects to add 1.45 million U.S. subscribers in the first quarter, and 4.90 million international subscribers.
Netflix closed more than 9% higher in after-hours trade following a close of $227.58 Monday.