It’s looking like another wild day for markets.
U.S. stock futures, after bouncing around, are positive. Oil fears triggered sharp falls on Wednesday and put Wall Street in correction territory. But Asia closed down and Europe is in the red.
Here are the five things you need to know before the opening bell rings in New York:
1. More security fears: A terror attack Thursday in the heart of Jakarta, Indonesia, has rattled investors once again.
Asia bounced around all day with Tokyo ending sharply lower, while Shanghai recovered from its own sharp falls.
2. Oil treading water: Oil is a little firmer Thursday morning with crude futures hovering above $30. Oil prices fell under $30 a barrel Tuesday for the first time in 12 years. The uncertainty over oil prices caused energy stocks in the S&P 500 to decline 1.7% Wednesday.
Tesco (TESO) had a better than expected Christmas, helping shares in one of the world’s biggest retailers jump more than 5% in a weak London market.
4. Earnings and economics: JP Morgan Chase (JPM) reported revenue and earnings for the fourth quarter that topped Wall Street’s expectations. The bank posted a quarterly profit of $5.4 billion, up 10% from a year ago. Shares rose more than 1% in premarket trading on the news.
The weekly U.S. jobless claims report is due at 8:30 a.m. ET from the Department of Labor.
5. International markets overview: European markets are all firmly in the red in early trading, with the main indexes down more than 2%. Asian markets were mixed with the Nikkei closing down 2.7%, after plummeting as much as 4.4%. The Hang Seng in Hong Kong ended 0.6% lower, pulling back from a loss of 2.1% earlier in the day. Shanghai bounced off lows not seen since the crash last summer to close 2% higher.