NewsWare’s Trade Talk: Friday, September 9

S&P Futures are displaying strong gains this morning and sentiment is positive. Inflation data out of China came in significantly lower than expected.  Markets have absorbed two days of hawkish speeches from Fed officials, as well as 75-basis point rate hikes from the ECB.  Next week CPI release should continue to indicate a weakening inflation picture which may make it difficult for the Fed to increase rates by 75 basis points later this month.  Oil has started to claw back some of its recent losses and Treasury yields are flat to lower this morning.