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Wall Street Preview: Earnings, Earnings, Earnings

Global shares trade in the green as strong corporate earnings fueled gains

U.S. stock futures were higher on Thursday, July 20, while global shares traded in the green as strong corporate earnings fueled gains. European stocks rose on Thursday ahead of a meeting from the European Central Bank where policymakers are expected to keep rates unchanged but could issue an update on its bond buying. Stocks in Asia were higher after the Bank of Japan kept its monetary stimulus plans intact and downgraded its outlook for inflation.

As for the U.S. on Thursday, the economic calendar includes weekly Jobless Claims at 8:30 a.m. ET, and the Philadelphia Fed Business Outlook Survey for July at 8:30 a.m. Stocks in the U.S. on Wednesday, July 19, posted record closings following better-than-expected earnings from Morgan Stanley (MS) - Get Morgan Stanley Report . The S&P 500 added 0.53% to close at a record 2,473, and the Nasdaq increased 0.64% to a record 6,385. The Dow gained 0.31% to a new record of 21,640.

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