NewsWare’s Trade Talk: Friday, June 2

S&P Futures are trading higher this morning as the debt ceiling bill passes in the Senate. This morning Non Farm Payroll report is expected to display slowing job creation. In an interview, Kashkari of Minn Fed indicates he is focused on bring inflation down, under 2%. The Nikkei hit a new high and the Hang Seng rose 4% overnight. European markets are higher, and oil is gaining, up roughly 1.5% this morning.