Global markets continue to rebound to the upside. The U.S. S&P 500 broad market index has already soared by more than 130 points from this Monday’s bottom to touch the 4,715-4,725 area before Wall Street’s close yesterday. It was then tested again during the morning futures trade on Tuesday, while major European indexes also gained for the second session in a row. 

The data from the Non-Farm Payrolls report has most likely provided the answer that investors are looking for as to what the next move by the Federal Reserve (Fed) will be next week.

Stock markets on either side of the Atlantic generally came to the end of November at a  loss following the emergence of the new COVID-19 Omicron variant. Cautious investors preferred to unload at least some of their assets and had a chance to do so on Tuesday, after Monday’s partial yet large-scale recovery.

The sentiment on Wall Street could be characterized as positive with more than half of the hot corporate season over.

The season of corporate reports is at its height this week, as business sharks with more than $1 trillion of capitalization and asset turnover are now exposed.

Apple and Amazon are just going to announce their Q3 releases tomorrow, while Microsoft and Google have already done this on Tuesday evening. Both giants surely fed the general upside background after their financial results far exceeded the expectations of preliminary expert polls.

The most important thing for observers in the financial markets news is that there is no lack of demand.

The global market's week began with the publication of fresh Chinese data for the third quarter on the country's industrial potential and gross domestic product (GDP).