NewsWare’s Trade Talk: Friday, June 9

S&P Futures are displaying some caution and have been trading about 1/10 of a percent lower all morning. The market is awaiting to key events 1) Release of the CPI data on Tuesday. 2) FOMC announcement of interest rates on Wednesday. Data out of China showed produce prices fell 4.6% in May. European markets are trading lower this morning and Oil is flat today in the pre-market.