Premarket: U.S. dollar recovers from Fed fright, stocks cheer earnings

News Snapshot:

A healthy crop of earnings helped European stocks bust out of a four-day losing streak on Thursday, while the U.S. dollar made gains after U.S. President Donald Trump quashed fresh speculation that he was about to fire Fed head Jerome Powell. Europe’s STOXX 600 made a solid start as record orders at Swiss engineering giant ABB and record US$13.5-billion profits at Taiwanese chip giant TSMC came along rising optimism about a EU-US trade deal after talks were held in Washington. Traders were awaiting U.S. retail sales and jobless claims data too which will give a little more insight on how...