Futures rise on strong China data, JPMorgan results

Futures rise on strong China data, JPMorgan results
 

U.S. stock index futures rose on Friday, a day after dropping to one-month lows, as JPMorgan's upbeat quarterly report kicked off the big U.S. banks' earnings on an optimistic note and strong Chinese inflation boosted sentiment.
JPMorgan (JPM.N), the biggest U.S. bank by assets, reported a 7.6 percent drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier, but both revenue and profit beat analyst estimates, sending its stock up 1.6 percent in premarket trading.
Wells Fargo (WFC.N) and Citigroup (C.N) will also report results before markets... read more

 
14 October 2016 in World News, Views: 33
Source: Reuters
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