NewsWare's Trade Talk: Monday, July 1

S&P Futures are higher this morning ahead of a shorten trading week. U.S. market close early on Wednesday. Economic data in focus this week, Fed Chair Jerome Powell to speak tomorrow morning at the ECB Sinatra conference. The key economic datapoint for today will be the PMI readings. Boeing shares are lower as they have agreed to purchase Spirt AeroSystems in a deal. Shares of Disney & Tesla are on watch. The Pixar move Inside Out crossed the $1B mark in ticket sales. Tesla is expected to report quarterly deliveries tomorrow. In Europe, markets are mainly higher. French election results indicate the nations far right Nation Party is less likely to win an overall majority. Oil prices continue to display positive action on Middle East tensions and an expected demand increase in the 3rd quarter.