NewsWare’s Trade Talk: Wednesday, August 16

S&P Futures are fractionally higher this morning. Earnings from retailors and the industrial production report will be in focus this morning. In the afternoon, the market will be watching for the Fed meeting minutes which is likely to show only a minority of officials favored holding interest rates steady over the remainder of the year. In China overnight, new home sales fell month over month and two major brokers have lowered the GDP forecasts for the country. In Europe, stocks are mainly positive and oil prices moving slightly lower in the pre market.