Earnings, Central Bank, Oil Views Lift Wall Street Modestly Pre-Bell; Asia Mixed, Europe Up

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Wall Street futures pointed modestly higher pre-bell Monday as traders weighed easing crude prices, and anticipated another wave of earnings reports alongside a round of major central-bank policy decisions.

In the futures, the S&P 500 rose 0.1%, the Nasdaq inclined 0.1% and the Dow Jones was up 0.4%.

Investors look forward to the Federal Reserve rate announcement slated for Wednesday, followed by the European Central Bank, and the Bank of Japan, rate decisions on Thursday and Friday, respectively.

The advance Q3 gross domestic product bulletin from Washington, and the personal consumption expenditures inflation gauge for September, are set for release on Thursday.

In energy markets, West Texas Intermediate crude oil traded down 2.1% to $101.08 a barrel, and yields on 10-year US Treasuries were steady near 4.99%, in morning moves.

The VanEck Semiconductor fund (SMH) traded up 0.2% before the bell.

On the earnings front, blue-chips Alphabet (GOOGL), Microsoft (MSFT), Amazon.com (AMZN), Intel (INTC), Sandisk (SNDK), Seagate Technology Holdings (STX), Visa (V), Mastercard (MA), Coca-Cola (KO), Merck (MRK), Eli Lilly (LLY), Boeing (BA), ExxonMobil (XOM), and Chevron (CVX) report this week, among others.

Asian exchanges traded unevenly overnight, while European bourses tracked moderately north midday on the continent.

On the economic calendar is the Chicago Fed National Activity Index for September at 8:30 am ET, followed by the Dallas Fed Manufacturing Survey for October at 10:30 am.

In pre-market action, bitcoin traded at $80,294, and spot gold commanded $4,016 an ounce.

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