NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, March 29

S&P Futures are continuing to push higher this morning. Ukraine Russia peace talks happening today in Turkey have created positive sentiment for the markets and are lifting the European market higher this morning. Oil prices continue to slip due to demand concerns as a result of the lockdown in Shanghai. The Justice Department on Monday endorsed legislation forbidding large digital platforms from favoring their own products and services over competitors', marking the Biden administration's first full-throated support of the antitrust measure. Economic data due out today include reports on Consumer Confidence and the JOLTs index. Tomorrow's GDP report and Thursday's PCI report will likely create market volatility.

NewsWare’s Trade Talk: Monday, March 28

S&P Futures are flat this morning drifting between gains & losses. European markets are showing gains based on lingering hopes of progress in Ukraine peace talks. Oil is 3% lower as China initiates a lockdown of half of Shanghai due to a covid outbreak. Bond yields are trading at three years highs as the Fed is preparing the market for multiple interest-rate increases this year. A wave of economic data is due out this week, including the personal consumption expenditures (PCE) price index. President Biden is preparing to announce a proposed minimum tax on households worth 100m.

NewsWare’s Trade Talk: Friday, March 25

S&P Futures had been trading lower all morning, but have recently turned positive trading indicating a higher opening today. The U.S agrees to a distribution deal with the E.U. for natural gas. Oil futures are lower by more than 2% and the Fed continues to suggest that they will be able to hike interest rates without causing a recession. Data for Friday includes the University of Michigan's gauge of consumer sentiment for March and pending home sales for February, both due at 10 a.m. Also, investors will hear from New York Fed President John Williams, San Francisco Fed President Mary Daly, Richmond Fed President Tom Barkin and Fed Gov. Christopher Waller.

NewsWare’s Trade Talk: Thursday, March 24

S&P Futures are trading higher this morning ahead of a slew of economic reports being released today. NATO discussions are being watched closely as any headline can cause volatility in the markets. Russia's markets partially reopened for the first time in weeks with solid gains, although short selling has been banned and foreign investors are not allowed to sell any positions. Oil ticked higher in Europe, caught between supply fears and the prospect of an Iran deal.

NewsWare’s Trade Talk: Wednesday, March 23

S&P Futures are moving lower this morning A sharp rally in U.S. government bond yields slowed, with the yield on the 10-year U.S. Treasury note hovering around 2.375% in recent trading, unchanged from the day before. Fed Chair Jerome Powell is scheduled to speak this morning at 8:00 am est and will likely continue his hawkish tone. There is a Senate hearing today that will be attended by the CEO's major U.S. chip manufacturers starting at 10:00 am. President Biden is scheduled to arrive in Europe today for talks with NATO allies on the Ukraine conflict.

NewsWare’s Trade Talk: Tuesday, March 22

S&P Futures are moving higher this morning as the S&P futures have been displaying positive gains all morning. S&P feels that the U.S. economic outlook for 2022 is likely to remain solid due to an improvement in the public health situation even as the Ukraine war clouds the horizon, saying the conflict is set to shave 0.7% from GDP growth this year, with the economy set to expand 3.2%. The key economic event today will be NY Fed Bank President John Williams's speech at 10:30 am this morning. This afternoon ADBE will be releasing its quarterly earnings results.

NewsWare’s Trade Talk: Monday, March 21

S&P Futures are moving lower this morning as the Ukraine conflict remains the key focus of the markets today. Oil prices are spiking higher as a potential EU ban on Russian oil imports appears likely to be announced this week. A BA plane crashed in China causing shares of BA to slide this morning. Markets will be paying attention to speeches today from Fed Chair Jerome Powell and the ECB President Lagarde.

 

NewsWare’s Trade Talk: Friday, March 18

S&P Futures are moving lower this morning amid worries over the continued Russia-Ukraine war and rising oil prices. There have been mixed messages on the status of diplomatic talks, as Putin feels that Ukraine is trying to stall talks. President Biden will be speaking with China's Xi Jinping to discuss the Russia Ukraine conflict. Later this morning we have the Existing Home Sales report due out 30 mins after the markets open and today is a triple witching day and heavy volumes are expected.

NewsWare’s Trade Talk: Thursday, March 17

S&P Futures are trading slightly lower this morning giving back some of yesterday's gains. This morning the market will continue to digest the latest announcement from the Fed and it will have a host of economic reports to decipher. Housing Starts for February; Weekly Jobless Claims; Industrial Production for February are all due out this morning before the bell. The Bank of England will be releasing an update to its monetary policy later this morning. After the bell today we have earnings reports due out from Federal Express and Gamestop.

NewsWare’s Trade Talk: Wednesday, March 16

S&P Futures are trading slightly higher this morning with multiple catalysts ahead. Today 2:00 pm FOMC announcement followed by Fed Chair Powell's press conference is like to create volatility this afternoon. In the pre-market watch for the Feb Retail Sale Reports, one hour after the market opens the EIA will be releasing their weekly oil stockpiles report. This morning spike higher is a reaction to Chinese officials indicating that they would introduce market-friendly policies and keep the capital market running smoothly. Also, there are some positive indications from Russia as they mentioned that parts of a Ukraine compromise deal are close.