NewsWare's Trade Talk: Friday, August 16

S&P Futures are flat to lower in the pre-market as traders continue to price in yesterday's positive economic data. This mornings Housing Starts report is scheduled before the bell. AMAT released an earning beat after the close on Thursday. China's central bank expected to lower its prime rate next week. UK Retail Sales figures were positive but lower than market expectations. Fed Chair Jerome Powell to speak next Friday at the Jackson Hole conference at 10:00 am. In Europe, market are mostly higher with gains in autos and tech. Oil is lower by more than 2%, ceasefire talks are continuing.