Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer

REUTERS: Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season.

Netflix Inc shares jumped 8.7per cent in premarket trading, after the video streaming service provider added slightly more paying subscribers than Wall Street expected in the third quarter. This followed upbeat results earlier in the week from major U.S. lenders JPMorgan Chase & Co , Citigroup Inc , Bank of America and healthcare giants Johnson & Johnson and UnitedHealth Group Inc .The mood was also lifted after the Chinese Commerce Ministry said it hoped to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible.

Analysts are expecting S&P 500 third-quarter earnings to fall by 3per cent, which would mark the first year-on-year contraction since the earnings recession that ended in 2016.

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South Korean stocks fall on Brexit woes[SEOUL] South Korean shares slid on Thursday as remarks from the Northern Ireland's Democratic Unionist Party (DUP) fuelled doubts over a Brexit deal, while concerns over global economic slowdown prompted caution from investors. Read more at The Business Times.
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