NewsWare’s Trade Talk: Thursday, May 11

S&P Futures are higher this morning ahead of some key economic data reports. Yesterday's CPI report pointed to a more durable slowdown. Media outlets continue to push the narrative of the Fed cutting rates later this year, this is only likely if the economy suffers a significant setback. European exchanges are slightly higher this morning ahead of a monetary decision from the Bank of England. Oil is 0.5% higher this morning.