NewsWare’s Trade Talk: Monday, August 1

S&P Futures are slightly lower this morning. Markets in Europe and Asia are higher, Oil is weakening on Chinese demand concerns. Fed Funds futures are showing a 21.5% probability that the Fed will raise its key interest rate to a range between 3.5% and 3.75% or higher by the end of the year, down from 45.7% a week ago. Boeing is up over 4% this morning as the company is resuming production of its 787 Dreamliner. Later today we have earnings announcements from CNA, CHKP, J, ON, GPN, BCC, RMBS, OTTR, CAR, PINS, MOSANET and more.