Stocks Rebound Ahead of Big Tech Earnings, Though Economic Outlook Remains Gloomy

Markets rebounded Tuesday ahead of key tech earnings and economic data, though fundamentals remain weak especially in Europe where PMIs point to recession.

Focus turns to big US tech earnings this week from Microsoft, Alphabet, Meta, Amazon and Apple. Results expected to show resilient growth but future outlook important.

Eurozone PMIs remained depressed, cementing expectations ECB will hold rates unchanged at Thursday's meeting.

US Q3 GDP figures out Thursday will be closely watched to gauge recession risks and Fed rate hike path.

Investor attention on whether stocks can decouple from bonds if yields rise, after prominent investors like Ackman closed shorts.