Updated from 7:12 a.m. EDT.
NEW YORK (TheStreet) -- Here are 10 things you should know for Wednesday, April 15:
1. -- U.S. stock futures were rising as more big banks gear up to report earnings and as Google contends with antitrust regulators.
European stocks rose on Wednesday, shrugging off slower Chinese growth, as investors waited to hear what European Central Bank boss Mario Draghi has to say about today's policy meeting.
2. -- The economic calendar in the U.S. on Wednesday includes the Mortgage Bankers' Association mortgage application data at 7 a.m., the Empire State manufacturing index at 8:30 a.m., industrial production numbers at 9:15 a.m., the NAHB housing market index at 10 a.m., and the Energy Information Administration petroleum status report at 10:30 a.m.
The European Central Bank announces interest rates at 7:45 a.m., with a press conference 45 minutes later.
3. -- U.S. stocks on Tuesday closed mixed as investors were in wait-and-see mode as earnings season gets into full swing.
The Dow Jones Industrial Average (DIA) - Get SPDR Dow Jones Industrial Average ETF Trust Report rose 0.33% to 18,036.70. The S&P 500 (SPY) - Get SPDR S&P 500 ETF Trust Report closed up 0.16% to 2,095.84. The Nasdaq (QQQ) - Get Invesco QQQ Trust Report fell 0.22% to 4,977.29.
4. -- The E.U. formally accused Google (GOOG) - Get Alphabet Inc. Class C Report (GOOGL) - Get Alphabet Inc. Class A Report of anticompetitive practices, like pushing its own software and products to users of the company's search engine. Margrethe Vestager, the E.U.'s competition commissioner, announced that the Google Android operating system was of particular interest in the investigation.
Google could face a fine of up to €6 billion, or about $6.4 billion, if the E.U. finds that it violated antitrust laws. The company could also settle the case.
In premarket trading, Google's GOOGL share class was sinking 0.15%.
5. -- Bank of America (BAC) - Get Bank of America Corp Report, the second-biggest lender in the U.S. by assets, reported its earnings before the opening bell. Analysts expected the bank to earn 29 cents per share, but in a beat the bank reported it earned 36 cents per share. Bank of America's performance is a bellwether for the financial sector.
Bank of America joins several big banks that report this week. JPMorgan Chase (JPM) - Get JPMorgan Chase & Co. (JPM) Report and Wells Fargo (WFC) - Get Wells Fargo & Company Report reported on Tuesday morning and Citigroup (C) - Get Citigroup Inc. Report and Goldman Sachs (GS) - Get Goldman Sachs Group, Inc. (GS) Report report on Thursday morning.
Even after its earnings beat, in premarket trading, Bank of America stock was down 0.13%.
6. -- Chinese e-commerce site JD.com (JD) - Get JD.com, Inc. (JD) Report will forge a partnership with eBay (EBAY) - Get eBay Inc. Report to sell international goods in China. eBay will gain access to more Chinese customers through the deal, and JD.com will increase its strength in its battle against larger e-commerce rivalAlibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report.
The new international venture will start with 450 shops and 150,000 products.
In premarket trading, JD.com stock was rising 0.18%, while eBay stock was up 0.26%.
7. -- Data on U.S. petroleum inventories will be announced at 10 a.m. Oil prices have been on the rise, with Brent crude oil above $59 a barrel and U.S. West Texas Intermediate crude oil almost touching $54. Yet U.S. oil production appears to have hit a peak and is now receding. Lower production may help prop up prices, which are about 50% lower than they were in June 2014.
The Energy Information Administration said that $100-a-barrel oil likely wouldn't be returning for years. Oil stockpiles have been at all-time highs, and the EIA's data this morning is expected to show very large inventories. Oil companies have responded to the glut by laying off around 100,000 workers.
8. -- U.S. income taxes are due today. Around one-third of income tax returns are filed in the final two weeks before the deadline. Somewhere around 80% of tax returns result in a refund. Many post offices will remain open late as procrastinators rush to file.
9. -- Shopify, a cloud-based e-commerce site for small-businesses, submitted a filing with the Securities and Exchange Commission to raise up to $100 million in an initial public offering. The Canadian company plans to list its stock on the NYSE under the ticker SHOP.
More details will be forthcoming, including an updated amount for the IPO. Shopify operates in 150 countries for 162,000 businesses.
In premarket trading, Delta stock was up 0.74%, and Netflix was rising by 0.76%.