There are quite a few highlights to watch ahead of the U.S. stock market open. Based on data from April 16, futures for all three major stock indexes are edging higher: Nasdaq futures are up 0.21%, S&P 500 futures are up 0.14%, and Dow futures are up 0.25%. This steady upward pace still looks relatively solid. Over in Europe, stocks are also rising across the board—Germany’s DAX, the UK’s FTSE 100, and France’s CAC index are all up more than 0.5%.

On the economic front, there are a few signals worth paying attention to. In the U.S., initial jobless claims are 207,000, which is better than the expected 215,000, indicating that the labor market is still holding up. In addition, Trump said it is very likely that an agreement with Iran will be reached in late April, which—if it comes to pass—could help market sentiment.

What attracts the most attention is TSMC’s earnings. In Q1, revenue rose 35.1% year over year to 113.4 billion New Taiwan Dollars, but the most eye-catching part is that net profit surged 58.3% to a record high of 57.248 billion New Taiwan Dollars—well above expectations. The N2 process has entered large-scale production, which is a positive for the entire semiconductor industry supply chain. Pepsi and Abbott’s quarterly results are also solid, although Abbott’s full-year earnings forecast is a bit weaker.

Ahead of the U.S. market open, you should also pay attention to the March industrial production release at 9:15 PM tonight and the April Philadelphia Fed Manufacturing Index. These two data points could influence subsequent market moves.