Click on chart for more premarket data. LONDON (CNNMoney)
U.S. stock futures were swinging around Thursday, while European markets gave up strong early gains to trade lower. Most markets in Asia closed with solid gains, helped by an Indian rate cut.
Here are the five things you need to know before the opening bell rings in New York:
1. Markets mixed: Traders hoping for a smoother ride after four days of losses may be disappointed. Futures are volatile and global markets mixed.
On Wednesday, the Dow Jones industrial average lost 187 points, while the S&P 500 fell 0.6% and the Nasdaq closed 0.5% lower.
2. Earnings and economics: The market mood could swing again based on the latest set of earnings.
Bank of America (BAC), Citigroup (C) and BlackRock (BLK) will report quarterly earnings before the opening bell. Intel (INTC, Tech30) will report results after the close.
On the economic front, the U.S. government will report weekly jobless claims at 8:30 a.m. ET. Official data on producer prices in December will also come out at the same time.
Related: 3 flags causing the market to panic
3. Bankruptcies: Failing companies may also grab attention Thursday. RadioShack (RSH) is reportedly preparing to file for bankruptcy. The filing could come during the first week of February, according to the Wall Street Journal. RadioShack declined to comment.
Meanwhile, the operating unit of Caesars Entertainment (CZR), the owner of Caesars Palace casinos, has filed for Chapter 11 bankruptcy.
Shares in Caesars have dropped by nearly 20% since the start of this month.
Related: Fear & Greed Index
4. Smartphone makers take the stage: Watch for volatility in BlackBerry (BBRY, Tech30) shares Thursday. The stock soared 30% Wednesday based on a report of a takeover bid from Samsung, and then fell back as much as 16% in extended trading after BlackBerry issued a denial.
Chinese smartphone maker Xiaomi -- dubbed the Apple (AAPL, Tech30) of China -- launched what it hopes will be an iPhone killer in Beijing.
5. India cuts rates: The Reserve Bank of India unexpectedly cut key lending rates on Thursday in an effort to boost growth in the Asia's third-largest economy.
The central bank was not scheduled to issue a rate decision, and the move took economists and analysts by surprise. The Mumbai Sensex index shot up by 3%.
First Published: January 15, 2015: 5:18 AM ET
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