NewsWare’s Trade Talk: Tuesday, October 31

S&P Futures are displaying positive action this morning. Earnings data overnight came in positive and no change in monetary policy is expected from the Fed tomorrow. In fact, the expectation is that Powell will indicate that a rate hike this year is very unlikely. China's PMI data came in weaker than expected and the Bank of Japan was not as hawkish as expected in its monetary policy statement last night. After the bell today, earning reports from AMD, CZR, MTCH & PAYC are due out. This morning we have beats from CAT & PFE. In Europe, Equities are mostly higher ahead of inflation and GDP reports and oil prices are rebounding this morning with pending stockpiles reports set to be released after the close and tomorrow morning.