Sees a moderate and steady recovery in the economy
Sees gradual rise in inflation
Outlook remains subject to downside risks
In Dec ECB will have new staff projections through to 2019
Council will review the committees work on QE in Dec
Data suggests Q3 will be similar to Q3
Investment should be supported by favourable financing conditions
QE will run until end of March 2017 or beyond

US crude oil futures settle at $50.43 per barrel

Microsoft shares gained 4 percent in extended trading after it reported quarterly results that beat analysts' expectations on Thursday.

The company posted adjusted first-quarter earnings per share of 76 cents on revenue of $22.33 billion. Wall Street also expected Microsoft to report earnings of about 68 cents a share on $21.71 billion in revenue, according to a Thomson Reuters consensus estimate.

Paypal reported earnings Thursday after the bell, meeting Wall Street expectations of 35 cents per share, and beating revenue expectations.

Paypal posted third-quarter revenues of $2.67 billion, beating estimates of $2.65 billion.

Schlumberger Ltd, the world's No.1 oilfield services provider, reported a 17 percent fall in quarterly revenue, hurt by weaker drilling activity and pricing pressure.

Net profit attributable to Schlumberger fell to $176 million, or $13 cents per share, in the third quarter ended Sept. 30 from $989 million, or 78 cents per share, a year earlier.

Revenue fell to $7.02 billion from $8.47 billion.

General Electric (GE) reported 3rd Quarter September 2016 earnings of $0.32 per share on revenue of $29.3 billion. The consensus earnings estimate was $0.31 per share on revenue of $30.0 billion. The Earnings Whisper number was $0.34 per share. Revenue fell 7.6% compared to the same quarter a year ago.

The company said it now expects 2016 earnings of $1.48 to $1.52 per share. The company's previous guidance was earnings of $1.45 to $1.55 per share and the current consensus earnings estimate is $1.49 per share for the year ending December 31, 2016.

Honeywell International (HON) reported 3rd Quarter September 2016 earnings of $1.67 per share on revenue of $9.8 billion. The consensus earnings estimate was $1.60 per share on revenue of $10.1 billion. The Earnings Whisper number was $1.68 per share. Revenue grew 2.0% on a year-over-year basis.

The company said it continues to expect 2016 earnings of $6.60 to $6.64 per share on revenue of $39.4 billion to $39.6 billion. The current consensus earnings estimate is $6.60 per share on revenue of $39.63 billion for the year ending December 31, 2016.

Unless demand pick up substantially, with increasing number of oil rigs count, oil glut in 2017 is a possibility.

Opening for m&a season?

AT&T Reaches Deal to Buy Time Warner for $85.4 Billion
Wireless carrier agrees to pay $107.50 a share in half-cash, half-stock deal

China Oceanwide to Buy Genworth Financial for $2.7 Billion

TD Ameritrade to buy Scottrade Financial in $4 billion deal

AT&T's Stephenson says nature of Time Warner deal different than anything it's ever done before

AT&T Chairman and CEO Randall Stephenson told CNBC on Monday the telecommunications giant's mega-deal to buy Time Warner is a "pure vertical integration."

53.2 vs 51.5 exp
mftg output index 55.3 vs 52.5 prev
news orders 54.7 vs 51.1 prev

Russian oil minister says oil supply still higher than demand

OPEC not yet discussing output cut exemptions - UAE Minister

Oil - Iraq says it should be exempted from OPEC output freeze

Novak: Russia in talks with OPEC on right level of output

Fed's Bullard: 'No urgency' to raise rates; December 'most likely' for hike

US Treasury's Weiss sees compelling benefits to more market transparency

Fed's Bullard: Low interest rates likely to remain the norm for 2-3 years

US Fed's Dudley says need greater transparency of treasury market activity

Crude oil falls below $50 per barrel as Iraq resists calls from OPEC to reduce output.

russia and iran now talking it up!

Visa (V) reported 4th Quarter September 2016 earnings of $0.78 per share on revenue of $4.3 billion. The consensus earnings estimate was $0.73 per share on revenue of $4.2 billion. The Earnings Whisper number was $0.74 per share. Revenue grew 19.3% on a year-over-year basis.

Crane (CR) reported 3rd Quarter September 2016 earnings of $1.07 per share on revenue of $694.2 million. The consensus earnings estimate was $1.01 per share on revenue of $669.4 million. Revenue grew 3.6% on a year-over-year basis.

The company said it now expects 2016 earnings of $4.12 to $4.20 per share and continues to expect revenue of approximately $2.70 billion. The company's previous guidance was earnings of $4.00 to $4.20 per share and the current consensus earnings estimate is $4.15 per share on revenue of $2.72 billion for the year ending December 31, 2016.

Corelogic (CLGX) reported 3rd Quarter September 2016 earnings of $0.65 per share on revenue of $523.9 million. The consensus earnings estimate was $0.58 per share on revenue of $503.8 million. Revenue grew 35.6% on a year-over-year basis.

The company said it continues to expect 2016 non-GAAP earnings of $2.20 to $2.30 per share on revenue of $1.89 billion to $1.92 billion. The current consensus earnings estimate is $2.28 per share on revenue of $1.91 billion for the year ending December 31, 2016.

oil continues green for now....

Global oil demand growth seen steady despite China import gain - IEA

Global oil demand to rise 1.2 mil bpd in 2017, steady from 2016 - IEA's Birol

colorful images. wow....could lead to bad digestion for my lunch...still its a good effort.

Apple (AAPL) reported 4th Quarter September 2016 earnings of $1.67 per share on revenue of $46.9 billion. The consensus earnings estimate was $1.66 per share on revenue of $46.6 billion. The Earnings Whisper number was $1.75 per share. Revenue fell 9.0% compared to the same quarter a year ago.

The company said it expects first quarter revenue of $76.0 billion to $78.0 billion and gross margins of 38.0% to 38.5%, which suggests earnings of $3.06 to $3.23 per share. The current consensus earnings estimate is $3.11 per share on revenue of $75.3 billion for the quarter ending December 31, 2016.

Juniper Networks (JNPR) reported 3rd Quarter September 2016 earnings of $0.58 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.52 per share on revenue of $1.3 billion. The Earnings Whisper number was $0.53 per share. Revenue grew 2.9% on a year-over-year basis.

The company said it expects fourth quarter non-GAAP earnings of $0.59 to $0.65 per share on revenue of $1.32 billion to $1.38 billion. The current consensus earnings estimate is $0.60 per share on revenue of $1.33 billion for the quarter ending December 31, 2016.

Discover Financial Services (DFS) reported 3rd Quarter September 2016 earnings of $1.56 per share on revenue of $2.7 billion. The consensus earnings estimate was $1.48 per share on revenue of $1.9 billion. The Earnings Whisper number was $1.51 per share. Revenue grew 5.9% on a year-over-year basis.