U.S. stocks are poised for a modestly higher open after strong U.S. data, with futures rising by 0.08%, 0.22%, and 0.33%. In Europe, stocks rose by 0.14% and 0.74%. Retail sales in the U.S. increased by 0.6%, beating expectations, while jobless claims dropped to 221k. Trump denied reports of firing Federal Reserve Chair Powell. TSMC reported record profits, while Netflix is set to release earnings after the close. Oil prices are rising after inventories dropped by 3.8 million barrels, below the forecasted decline of 1.8 million barrels.

Sources:
– https://www.forex.com/en-uk/news-and-analysis/dow-jones-forecast-djia-rises-after-upbeat-data-and-ahead-of-nflx-earnings/

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