- Markit Svc PMI Jan P: 53.2 (est 53.0; prev 52.8)

- Markit Comp PMI Jan P: 53.1 (prev 52.7)

US index futures edged higher this morning while stocks jumped in Europe as investors digested the latest corporate news and economic data, setting aside for now fears over a deadly virus spreading from China.

American Express – reported quarterly earnings of $2.03 per share, 2 cents a share above estimates. Revenue was slightly above consensus while growth during 2019 was driven by higher card fee income as well as increased spending by cardholders.

Intel – reported quarterly profit of $1.52 per share, beating the consensus estimate of $1.25. Revenue also exceeded Wall Street forecasts, helped by an improvement in personal computer and data center demand. Intel also gave an upbeat current-quarter outlook, as well as announcing a 5% dividend increase.

Walt Disney – Shanghai Disney resort will close until further notice, as officials try to stop the spread of the coronavirus. The closure comes during China’s seven-day Lunar New Year holiday, normally an extremely busy time for the resort.

Ford - expects to take a pretax hit of about $2.2 billion in the fourth-quarter due to contributions to its employee pension plans and retirement benefits.

Ericsson – posted a smaller-than-expected profit for the fourth quarter, hit by higher costs for 5G development as well as a weaker US market.

Broadcom – struck a deal to supply Apple with wireless components for products through 2023, in a transaction worth an estimated $15 billion. Apple currently accounts for about 20% of Broadcom’s annual revenue.

Bayer - in an effort to settle tens of thousands of claims that its weed killer causes cancer, lawyers for some plaintiffs are discussing with the company deals that could lead to a total payout of about $10 billion, according to BBG sources.

• Canada Retail Sales Ex Auto (M/M): 0.2% (est 0.5%, prevR -0.4%)

-Mexico Economic Activity (Y/Y) Nov -1.2%