LONDON, Oct 21 Reuters - A look at the day ahead from Karin Strohecker.
Markets are in a somber mood on Thursday.
There is little let up on the Chinese property front with investors wondering how much damage the Chinese economy might suffer from a potential default of embattled property giant China Evergrande Group - now just days away.
Evergrande shares suffered a double-digit tumble after it scrapped a deal to sell a stake in its property group, though it also secured an extension on a defaulted bond, according to media reports.
Adding to the woes is the resurgence of COVID - 19 and ensuing curbs. Russia is suffering record deaths and has reported some COVID - 19 infections with a new coronavirus variant believed to be even more contagious than the Delta one.
Latvia is facing an explosion of cases that may require drastic action, according to its health minister, while Poland starts its lockdown today until mid-November to slow a spike in infections.
Futures point to more pain ahead for U.S. stocks later in the day.
But a batch of fresh earnings results might sooth some frayed nerves.
Unilever and Hermes sales beat forecasts, Truck maker Volvo profit beats forecast, but companies do flag lingering chip woes.
In the U.S. to come today, the earnings highlights are Intel AT&T and Danaher.
Policy makers are expected to deliver another interest rate cut despite stubborn inflation after President Tayyip Erdogan's midnight reshuffle of the monetary policy committee.