U.S. equities are on a firmer footing
U.S. equities are on a firmer footing amid stock gains overseas and another round of decent earnings by financials, while absorbing the investor-friendly core CPI reading and expected post-hurricane boost in retail sales. The Dow is 29-points higher, S&P climbed 4-points and NASDAQ is 20-points firmer in pre-market action. BofA followed JPM and Citi with a 15% increase in earnings, while Wells is due next. Meanwhile tax cut legislation continues to wind through Congress and Trump's taken aim at dismantling ACA via executive actions on insurer subsidies. Asia was mostly firmer with a 0.96% rally on Japan's N-225, while Europe was more subdued after a 0.1% gain on the Euro Stoxx 50. The dollar index is 0.27% lower near 92.84 after the tame inflation data, while NYMEX crude is 2.1% firmer near $51.62 bbl and gold surged back through $1,300. Business inventories, U. Michigan and the budget are on deck, while a gaggle of Fedspeakers will include doves Rosengren and Evans, along with hawk Kaplan.