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UK GDP shrugs off Brexit. The British economy grew at a 0.5% clip in the third quarter, outpacing economists estimates of 0.3% growth, data released by the Office National Statistics showed. "There is little evidence of a pronounced effect in the immediate aftermath of the [Brexit] vote," ONS Chief Economist Joe Grice said in a statement on Thursday. The British pound is up 0.1% at 1.2248 against the dollar.
China's industrial profits jumped. Profits are China's industrial firms climbed 7.7% year-over-year to 557.1 billion yuan ($85.15 billion) in September, according to data released by the National Bureau of Statistics.
Tesla (NASDAQ:TSLA) reported its first quarterly profit since 2013. The electric car maker earned an adjusted $0.71 per share after changing the way it accounts for some adjustments in its earnings. Wall Street was expecting an adjusted loss of $0.54 per share, according to Bloomberg data. Tesla is up 4.6% ahead of the opening bell.
Deutsche Bank (DE:DBKGn) posted an earnings surprise. The German investment bank reported a net income of €259 million ($279 million) versus analyst expectations of a loss. CEO John Cryan said the bank is "working hard on achieving a resolution" to its residential mortgage backed securities matter in the United Stated. Deutsche Bank trades little changed in Germany.
Texas Instruments (NASDAQ:TXN) boosted its dividend. The company announced earnings of $0.94 per share on revenue of $3.68 billion and raised its dividend by 32% to $0.50 per share. Texas Instruments is down 0.2% in pre-market trade.
Buffalo Wild Wings' sales slipped. The restaurant chain earned a better than expected $1.23 per share, but sales fell 1.6% to $494 million. Shares of Buffalo Wild Wings are higher by 4.4% ahead of the opening bell.
A Chinese company just had the biggest IPO in the US this year. ZTO Express priced 72.1 million shares at $19.50 per share, above the high end of its $16.50 to $18.50 range, and raised $1.4 billion as a result, a source familiar with the deal told Reuters.
Stock markets around the world. Australia's ASX (-1.1%) lagged overnight and Spain's IBEX (+0.4%) leads a mixed session in Europe. The S&P 500 is looking at a 0.2% drop at the open.
Earnings reporting remains heavy. Aetna (NYSE:AET), ConocoPhillips (NYSE:COP), Ford Motor (NYSE:F), and Twitter will highlight the companies reporting ahead of the opening bell while Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL), and LinkedIn (NYSE:LNKD) are among the names releasing their results after markets close.
US economic data flows. Durable goods and initial jobless claims are due out at 8:30 a.m. ET and pending home sales will be released at 10 a.m. ET. The US 10-year yield is up 4 basis points at 1.83%.