NewsWare’s Trade Talk: Monday, July 10

S&P Futures are slightly lower this morning. Markets are focused on the CPI release later this week. Economic data from China overnight indicated weakening domestic demand. Tres Sec Janet Yellen's trip to China was viewed as positive by both sides. earnings season begins later this week with many of the large banks scheduled to release. European indexes are higher and oil prices are weakening due to the economic data out of China which is creating concerns about their economic recovery.