Second-quarter corporate earnings season is in full swing. S&P 500 companies are exceeding profit expectations with a 9.1% increase in Q2 profits. Investors eagerly await reports from AMD, CAT, AMGN, ANET, PFE, and DUK today. Economic data includes U.S. ISM Non-Manufacturing PMI and S&P Global Services PMI, with expectations for growth.

U.S. Trade Balance data is set to be released, with economists predicting the trade deficit to narrow in June. The yield on the 10-year U.S. Treasury note is at 4.212%, up +0.05%. In Europe, the Euro Stoxx 50 Index is up +0.10%, driven by solid corporate earnings. Eurozone business activity expanded slightly in July, while the EU official clarified tariffs on EU goods entering the U.S.

Eurozone’s Composite PMI, Services PMI, and PPI data were released. Composite PMI came in weaker than expected at 50.9, while Services PMI stood at 51.0. PPI data for June showed increases of +0.8% m/m and +0.6% y/y, slightly below expectations. Asian markets closed higher, with China’s SHCOMP up +0.96% and Japan’s NIK up +0.64%.

China’s SHCOMP rose on strong economic data, with services activity growing at a record pace in July. Investors await updates on U.S.-China tariff truce. Japan’s NIK closed higher, tracking Wall Street gains. Japan’s service sector expanded in July, supported by domestic demand. BOJ officials hint at resuming rate hikes once trade tensions ease.

Pre-market U.S. stock movers include PLTR, DD, PFE, HIMS, and KD. Companies reporting earnings today include AMD, CAT, AMGN, ANET, PFE, DUK, and many others across various sectors. Market movements reflect a mix of positive and negative news in the pre-market session.

Read more at Yahoo Finance: Stock Index Futures Gain on Strong Earnings and Fed Rate-Cut Bets