Before the Bell: Futures muted with earnings in focus

Wall Street futures were slightly lower with results from big U.S. corporate names Netflix and Tesla due later in the day. Major European markets were steady.

Earnings continue to draw focus for investors. Netflix and Tesla both report after the close of trading. Morgan Stanley and Procter & Gamble post results this morning. Overseas, the pan-European STOXX 600 was flat in morning trading. Britain’s FTSE 100 edged up 0.04 per cent. New figures released early Wednesday showed U.K. inflation holds at 6.7 per cent in September, lowest since Feb 2022, although core CPI came in above forecasts.Oil prices jumped in early trading as rising tensions in the Middle East spark concerns about the potential for supply disruptions spreading in the regions.

“Initially, markets appeared to downplay the risk of a broader conflict. However, following the explosion, several key political leaders, including the Palestinian, Egyptian, and Jordanian leaders, canceled meetings with U.S. President Biden.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Futures up ahead of earnings and data, Middle East tensions weighPrime Minister Benjamin Netanyahu, however, agreed to lift a blockade of water supplies after speaking with U.S. President Joe Biden, while a Middle East...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Dow futures rise amid Middle-East tensions: Stock market news todayEfforts to stop the Israel-Hamas clash from becoming a full-blown conflict have taken center stage as investors wait for earnings to roll in.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »