Dow Futures

Dow Futures contract was up 115 points, or 0.4%, at 06:20 ET (10:20 GMT), the S&P 500 Futures contract was up 20 points, or 0.5%, and the Nasdaq 100 Futures contract was up 95 points, or 0.6%.

1. What’s moving markets? Earnings from Microsoft and Alphabet, Bitcoin, and PMI data.
2. The dollar falls to a one-month low after US yields fall, while the euro sways due to bad data.
3. Bitcoin reaches an 18-month high as ETF speculation grows.
4. As margin pressure mounts, Barclays suggests significant cost reduction.
5. Dow futures are rising as bond yields fall; Alphabet and Microsoft results are in the spotlight.
6. Verizon improves its free cash flow forecast as subscriber additions exceed expectations.
7. RTX suffers a loss due to Pratt engine difficulties and adopts a $10 billion share repurchase scheme.
8. Coca-Cola improves its annual predictions due to stable demand and increasing prices.
9. 3M increases its full-year profit forecast.
10. The fall in Intel stock continues as analysts debate the ramifications of a Reuters article.
11. Bank of Hawaii Reports Strong Third-Quarter 2023 Performance, Expects Moderate Loan Growth
12. Agilysys Reports Record Second-Quarter Sales and Increases Full-Year Revenue Guidance
13. Simpson Manufacturing Company reports strong third-quarter 2023 results and focuses on growth initiatives.
14. Cathay General Bancorp Reports Earnings for the Third Quarter of 2023 and Expects Solid Loan Growth
15. Centene’s earnings were $0.47 higher than expected, and revenue exceeded expectations.
16. Teck Resources’ quarterly profit forecast is missed.
17. Novartis raises its earnings prediction for 2023 for the third time.
18. In the midst of the Bitcoin boom, Ark Invest sells Coinbase and Grayscale shares.
19. Vista Equity Partners pays $4 billion for EngageSmart.
20. Logitech’s second-quarter sales are down.
21. Campbell’s $2.33 billion Sovos transaction has been postponed until 2024.
22. Nucor outperforms quarterly expectations but faces a sequential earnings decline in Q4.
23. Cadence Design Systems exceeds Q3 estimates, and Q4 projects are robust.
24. Accenture Acquires MNEMO Mexico Cybersecurity Firm
25. International Flavors & Fragrances is considering a $3.5 billion sale of its pharmaceutical division, according to Bloomberg News.
26. HNI Corporation Sees Stable Market Performance and Promising Growth
27. UAW strikes Stellantis pickup truck facility. 
28. UAW reaches tentative General Dynamics deal, preventing strike. 
29. Rosenblatt downgrades RingCentral after leadership changes. 

GLOBAL NEWS 

1. Australia’s stocks are higher at the close of trade, with the S&P/ASX 200 up 0.19%.
2. Japan’s markets are higher at the close of trade, with the Nikkei 225 up 0.32%.
4. The Eurozone October PMI is reaching a three-year low, raising fears of a recession.
5. According to a poll, UK businesses were stuck in reverse in October.
6. China’s fiscal revenue growth drops from January to September amid a weak rebound.
7. Eurozone lenders and borrowers avoid loans as interest rates rise – ECB
8. Insurance Companies Report Third-Quarter 2023 Results, Highlighting Growth and Challenges
9. NatWest Expands Its Eco-Friendly Lender Portfolio With A £300 Million Securitisation Facility
10. The dollar falls ahead of major US statistics, and bitcoin returns to the spotlight.
11. Despite a dip in Q3 results, Puma maintains its full-year profit prediction.
12. According to GfK, there will be no improvement in German consumer sentiment this year.
13. Asian stocks fall as PMIs fall, while China rises as the government intervenes.
14. Asia FX rises as the dollar and rates fall ahead of the economic data storm
15. Asian stocks fell to 11-month lows as investors focused on US economic data.
16. The Turkish central bank is anticipated to boost interest rates to 35% on October 26.
17. Hermes sales increase 15.6%, bucking the luxury slowdown as the United States registers solid growth.
18. Turkish central bank to boost rates to 35% on Oct. 26. 
19. European consumer confidence drops to -17.9 in October. 
20. Further luxury slowdown challenges Gucci revival 
21. Brazilian GM workers strike against layoffs. 

  Economic data

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 Global Economic data

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Economic Calendar

 7:45 AM                   ICSC Weekly Retail Sales

 8:55 AM                  Johnson/Redbook Weekly Sales

 9:45 AM                  S&P Global Manufacturing PMI, Oct-Flash

9:45 AM                   S&P Global Services PMI, Oct-Flash

10:00 AM                 Richmond Fed manufacturing for October

1:00 PM                   US Treasury to sell $48B in 2-year notes.

4:30 PM                   API Weekly Inventory Data

Other Key Events:

The European Society of Medical Oncology (ESMO) meeting, 10/20-10/24.

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