Stocks Advance as Focus Shifts to Earnings and Fed

Stocks in Europe climbed along with U.S. equity futures as corporate earnings and the Federal Reserve rates decision later Wednesday gave investors a fresh focus while concerns linger over the deadly coronavirus.

Markets are calming somewhat from epidemic’s initial blow to investor confidence in recovering global growth. That’s buoyed in part by positive U.S. economic data and earnings reports. With the Fed seen staying on hold Wednesday, investors will look for signs of how the disease may affect operations as heavyweights including Samsung Electronics Co. and Exxon Mobil Corp. report this week.

 Trader Georgi Bozhidarov

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