NewsWare’s Trade Talk: Friday, June 30

S&P Futures are displaying positive gains in the pre-market. This morning the market will be paying attention the Personal Income and Outlays report for May. The PCE report is a key inflation indicator and provides import data for FOMC members when deciding on the path of interest rates. Eurozone inflation fell more than expected in June despite rising core rate. NKE delivered a slight miss on earnings on higher revenue last night, this morning STZ is scheduled to release. European markets are higher and oil futures are slightly higher.