NewsWare’s Trade Talk: Friday, October 14

S&P Futures are trading higher this morning. Bank earnings are in focus this morning, with results due shortly from Citigroup, Morgan Stanley, JPMorgan Chase and Wells Fargo. Retail sales data will give a look at how high inflation is affecting consumer demand. We'll also get a separate reading of consumer sentiment. European markets ar higher by more than 1% this morning while oil is trading lower.