1. Global markets rally

It's shaping up to be a good day for investors. European markets are rallying in early trading, with many key indexes up by about 1%.

U.S. stock futures are also moving higher.

Asian markets ended the day with gains. The key indexes in China each shot up by about 1.4%.

2. Market movers and earnings

Netflix (NFLX, Tech30) shares are surging by about 20% in extended trading after the company reported earnings that blew past Wall Street expectations. The streaming video service added 3.6 million customers in the third quarter, shattering its own expectations for growth and silencing skeptics. It now has more than 86 million subscribers.

Shares in the company had been hurting this year, down nearly 13% since the start of 2016.

Shares in Visa (V) are getting knocked down a bit in extended trading after CEO Charlie Scharf said he is stepping down. Scharf said he needs to spend more time with this family on the East Coast of the United States -- and away from Visa's San Francisco headquarters.

Shares in the British fashion firm Burberry (BURBY) are tanking in London, down by about 6% after the company issued results for the first half of the year.

Goldman Sachs (GS), BlackRock (BLK), Domino's Pizza (DPZ), Harley-Davidson (HOG), Johnson & Johnson (JNJ) and tobacco firm Philip Morris International (PM) are releasing earnings before the open.

Yahoo (YHOO, Tech30) and Intel (INTC, Tech30) are scheduled to release earnings after the close.

This will be Yahoo's first earnings report since it announced that 500 million users' accounts were hacked in 2014. The company will not host a call with analysts.

3. Gold prices push higher

Gold prices rose during Europe's session on Tuesday, as a pullback in the U.S. dollar from a seven-month peak boosted the appeal of the precious metal.

Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $5.80, or 0.47%, to $1,262.55 a troy ounce by 07:25GMT. A day earlier, the yellow metal inched up $1.10, or 0.09%.

4. Economics and upcoming events

The U.S. Bureau of Labor Statistics is releasing its inflation report for September at 12:30GMT.

This follows on the heels of a U.K. inflation report out Tuesday showing prices are shooting higher as the British pound has plummeted. Inflation rose by 1% in September, the biggest increase since November 2014. The move follows the U.K.'s unprecedented vote to leave the European Union.

Coming this week:

Tuesday - Goldman Sachs earnings, Oil & Money Conference starts in London.

Wednesday - Tesla (TSLA) announcement, final presidential debate, Trump's childhood home auctioned.

Thursday - Nestle (NSRGF) earnings; Verizon (VZ, Tech30) earnings.

Friday - McDonald's (MCD) earnings.