1. Retail therapy: It’s a big day for US retail earnings.
Consumer spending accounts for more than two-thirds of the American economy, making these retail reports especially important to assess the country’s economic health.
2. Pain in China: Stocks were under pressure in China on Thursday as investors reacted to disappointing earnings from Tencent (TCEHY).
Shares in the Chinese tech giant fell sharply at the open in Hong Kong, before recovering some lost ground to trade down 3%.
Tencent posted a rare earnings miss on Wednesday, a performance it attributed to a lack of sales from popular tactical tournament games and the timing of new game releases.
Hong Kong’s Hang Seng fell…