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 * Global stocks rebounded from two days of losses after
disappointing economic data and earnings reports gave investors hope
that the Federal Reserve would hold off on raising interest rates
any time soon.
* U.S. stocks closed lower on Wednesday as Wal-Mart <WMT.N> shares
saw their steepest one-day decline in 25 years after issuing a weak
profit forecast.
* Investors will scrutinize earnings reports over the next several
weeks to gauge the impact of a slowing global economy on U.S.
companies.
* S&P 500 companies are expected to report a 4.2 percent decline in
third-quarter profit, the biggest in six years, according to Thomson
Reuters data.
* Citigroup <C.N> and Goldman Sachs <GS.N> report before the bell on
Thursday, rounding off major bank earnings this week.
* Third-quarter results from major U.S. banks have been mixed so
far, with only Wells Fargo <WFC.N> reporting a rise in revenue and
income from interest on loans.
* Goldman Sachs shares were up 1.1 percent at $181.57 premarket,
while Citigroup inched up 0.6 percent.
* Charles Schwab <SCHW.O> also reports before the bell, while
Schlumberger <SLB.N>, Mattel <MAT.O> and Advanced Micro Devices <AMD.O>
report after the close.
* Data due on Thursday includes the U.S. consumer price index for
September at 8:30 a.m. ET (1230 GMT). The data is expected to show
consumer prices fell 0.2 percent for the month after a 0.1 percent
fall in August.
* Jobless claims data is also due at 8:30 a.m. The claims are
expected to have increased by 7,000 to 270,000 last week.
* New York Fed President William Dudley and St Louis Fed President
James Bullard are scheduled to speak at separate events on Thursday.
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* UnitedHealth rose 1.2 percent to $123.50 after the health
insurance provider reported better-than-expected third-quarter
profit on Thursday.
* Valeant Pharma's U.S.-listed shares fell 7.2 percent to $164.50
after the Canadian drugmaker said it had been subpoenaed by U.S.
prosecutors over its drug pricing policies.
* Netflix slid 4 percent to $105.78 after the video-streaming
service said U.S. subscriber additions came in below expectations
for the third quarter.
Futures snapshot at 6:49 a.m. ET:
* S&P 500 e-minis were up 14.75 points, or 0.74 percent, with
136,287 contracts traded.
* Nasdaq 100 e-minis were up 35.75 points, or 0.83 percent, on
volume of 25,855 contracts.
* Dow e-minis <1YMc1> were up 115 points, or 0.68 percent, with
18,402 contracts changing hands.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Saumyadeb
Chakrabarty)
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