FYI: U.S. stock index futures were edging slightly higher on Thursday morning on a bumper day for corporate earnings.
At around 02:30 a.m. ET, Dow futures rose by just 1 point, indicating a slightly higher open. Futures on the S&P and Nasdaq were also hovering around the flatline.
Wall Street ended Wednesday on a slightly positive note despite earnings from Caterpillar and Boeing which both missed analysts’ expectations.
Global stocks edged up Thursday as a slew of central-bank decisions and major corporate earnings provided mixed clues on the state of the global economy.
The Stoxx Europe 600 index rose 0.3%, even as Finland’s Nokia dropped 21% after disappointing investors by slashing its full-year forecast. The world’s second-biggest telecom-equipment maker was the worst performer in Europe as the growing costs of rolling out gear for 5G mobile networks also forced it to halt its dividend.
The U.K.’s FTSE 100 index outpaced other major gauges in the region, rising 0.6%. European Council President Donald Tusk is asking leaders to give the U.K. until Jan. 31 to leave the European Union. The pound ticked down 0.1% against the U.S. dollar.
Elsewhere, Hong Kong’s Hang Seng Index rose 0.8%. U.S. stock futures were mostly flat.
Meanwhile, Tesla shares rose 20% in after-hours trading after the electric-car maker surprised investors by reporting a profit for the third quarter, allaying investors’ fears that it was prioritizing growth and production over profit.
A number of blue-chip companies in the U.S., including 3M, Southwest Airlines, Comcast, Twitter, American Airlines, Intel, Amazon.com and Visa are set to report third-quarter earnings through the day.
Investors will also be watching for fresh U.S. economic data. The Commerce Department will post figures on orders for durable goods in September, providing an indication of the health of the manufacturing sector. Economists expect orders to have fallen 0.8% in September from a month earlier.
Bank Indonesia cut interest rates by a further 25 basis points Thursday, sending the rupiah down 0.5% on the dollar. Turkey’s central bank is expected to follow suit later in the day. The Norwegian and Swedish central banks held their benchmark rates unchanged Thursday.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-tick-up-amid-central-bank-decisions-earnings-11571908002Bloomberg:
https://www.bloomberg.com/news/articles/2019-10-23/stock-futures-climb-in-asia-as-earnings-roll-in-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-tesla-earnings-stunner-tesla-stock-lam-research-edwards-lifesciences-rise/CNBC::
https://www.cnbc.com/2019/10/24/dow-futures-busiest-day-of-the-earnings-season.htmlReuters:
https://uk.reuters.com/article/us-global-markets/stocks-rise-euro-holds-gains-before-draghis-farewell-idUKKBN1X302GU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-on-track-for-fourth-session-of-gains-idUKKBN1X30OVEurope:
https://www.reuters.com/article/us-europe-stocks/german-earnings-boost-european-stocks-nokia-shares-dive-idUSKBN1X30PDAsia:
https://www.cnbc.com/2019/10/24/asia-stocks-oct-24-south-korea-gdp-ecb-meeting-oil-and-currencies.htmlBonds:
https://www.cnbc.com/2019/10/23/us-bonds-treasury-yields-in-focus-amid-economic-data-auctions.htmlCurrencies:
https://www.cnbc.com/2019/10/24/forex-market-brexit-us-china-trade-in-focus.htmlOil:
https://www.cnbc.com/2019/10/24/oil-markets-demand-outlook-in-focus.htmlGold:
https://www.cnbc.com/2019/10/23/gold-markets-brexit-trade-war-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
