The top 5 things you may want to know this Thursday about what’s happening in the market

The top five things you need to know about in the financial markets on Thursday, October 27 are:

1. The December Fed rate sharply rises to 78%

The current price of the market participants has approximately 78% chance of a rate increase at the December meeting of the Federal Reserve.

There has been a recent succession of positive U.S. economic data, which, is combined with hostile remarks from the chief Fed official. These comments have raised the expectations for an interest rate hike before the end of the year.

The most recent data released about U.S. durable goods, jobless claims and pending home sales, will be analyzed by the traders on Thursday morning. On Friday, the U.S. third-quarter growth figures are scheduled to be released, which may provide additional hinted for the monetary policy’s future path.

2. Wall Street anticipating a big day of earnings

The reporting season’s biggest day will be on Thursday. There will be dozens of earnings made available in the report.

Some of the expected early morning reports are from Ford Motor Company (NYSE: F), Dr. Pepper Snapple (NYSE: DPS), UPS (NYSE: UPS) and Colgate-Palmolive (NYSE: CL), as well as a few others.

Following the bell, Alphabet (NASDAQ: GOOGL), Amazon.com (NASDAQ: AMZN) and others are expected to show results.

3. The global stocks start to slide as the dollar remains firm and oil begins to steady

Thursday signaled lower global stocks as the dollar strengthened to an almost nine-month high. After a sharp drop the day before, oil prices started to steady.

With traders looking out for the release of the primary data and earnings, the U.S. stock index futures signaled to a slightly lower opening.

The European and U.K. stocks were marginally down after a rough mid-morning trade. Corporate earnings dominated the market moves.

Also, earlier in the day, Asian shares ended off widely lower. The traders were focused on oil, earning an the economic data from China.

The U.S. dollar index ended at 98.65, within reach of the nine-month high of 99.09 earlier in the week.

With a rebound from the previous session’s three-week low, the oil prices were higher, while the market players anticipated the details from the Organization of the Petroleum Exporting Countries of a planned output cut.

While Brent added 26 cents to {currency}50.24 a barrel, U.S. crude went up by 14 cents to {currency}49.32 a barrel.

4. A post-Brexit economy growth for the U.K., beating expectations

The third quarter signaled a growth for the U.K. that better than expected. This increase indicated that the immediate shock following the Brexit referendum on June 23 has worn away.

From June until September there has been a U.K. gross domestic product growth of 0.5%, according to the preliminary figures that were released by the Office for National Statistics. The original forecast was for a growth of only 0.3%.

On a year-over-year basis, there was a growth of 2.3%, as opposed to predictions of only 2.1% growth.

The Office for National Statistics pointed out that there are only a few signs which indeed show the effect of Brexit on the economy. However, it is still too early to see what the effect will be of the sterling depreciation on the data.

5. Tesla had a 5% rise following first ever second quarterly profit

In the pre-market trade on Thursday, there was a huge increase of 5% for the shares of Tesla Motors (NASDAQ: TSLA), following a posting by the company of its first every second profitable quarter. They exceeded the expectations of the analysts by a wide margin.

The earnings of 71 cents per share on an adjusted basis, according to Tesla, amounts to {currency}2.3 billion revenue in the third quarter. The market estimates noted that there were a 54 cents per share loss expected on {currency}1.98 billion in revenues.