S&P Futures are higher in the pre-market as markets await todays statement from the Fed. HUM, BWA, DD, ANET, AMD & MSFT all delivered beats. After the bell today we hear from META, QCOM, ARM, LRCX & ETSY. Microsoft’s overall sales and profit growth beat expectations, but revenue in its cloud-computing business narrowly missed. Israel is thought to be behind a missile strike inside Iran that killed a Hamas leader overnight, which is causing oil price to move higher. Japan, South Korea and the Netherlands are said to be excluded from the list of countries being blacklisted for chip sales, final rules to be published next month. In Europe, markets are higher due to positive corporate earnings updates and indications that a stimulus plan from China will soon be released.

S&P Futures are higher in the pre-market as markets await a host of key earnings reports. MRK, PFE, JBLU & SWK have already reported positive earnings this morning. After the bell today we hear form MSFT, AMD, ANET, SBUX & QRVO. Tomorrow there are two cental Bank announcements, one from the Fed and on from the Bank of Japan. The BOJ and the BOE are also having cental bank meetings this week. Oil prices continue to trend lower on demand concerns and in Europe, markets are mixed to higher as the EuroZone GDP growth rates came in higher than the estimates.

S&P Futures are showing strong gains this morning as the market awaits a key inflation report which is due out before the opening bell. There were no major earnings reports last night, this morning CL & MMM shares are rising on positive earnings results. Autos, banks and tech stocks are showing gains this morning. Next week is a very active week for the markets with earnings reports due out from MSFT, AAPL, AMZN & META. There is also a Fed announcement and a host of employment data on tap. NVDA’s CEO is also scheduled to speak on Monday. In Europe, markets are higher with positive action in industrials, basic resources and luxury.