NewsWare’s Trade Talk: Thursday, October 26

S&P Futures are extending their losses this morning with corporate earnings results in focus. On paper the results have been positive, but there is a continuing theme related to poor macro headwinds which is resulting in selling pressure. At 08:15 there will be an ECB announcement on interest rates. Followed by a host of U.S. economic reports at 8:30. The GDP is expected to come in hot. This afternoon we have earnings released due out from AMZN, INTC, F, JNPR and X. In Europe, Equities are seeing heavy selling pressure and oil prices are lower by 1.5%.