NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, April 11

S&P Futures are lower this morning as markets remain bearish due to yesterdays CPI report which showed another month of rising inflation. As a result, the odds of a Fed rate cut are being push out to September. Markets are monitoring the headlines out of the Middle east as tensions are escalating. This morning, we have inflation indicator report being release, as the PPI final demand data is due out before the opening bell. Big banks will be active today with C, JPM, WFC set to release earnings tomorrow morning. Shares of FAST & KMX are lower after weaker than expected results In Europe markets are little changed in anticipation of this morning's ECB announcement. Oil prices are being support by geopolitical risk and expectation for positive near-term demand.

NewsWare's Trade Talk: Wednesday, April 10

S&P Futures are higher this morning as market anticipates this morning CPI report on inflation and the release of the Fed meeting minutes this afternoon. Shares of Delta Airlines are higher after a positive earnings release. President Biden is holding a press conference today with Japan's Prime Minister at 11:00 am. Israel & Hamas are said to be considering a U.S. proposal for a cease-fire. Fitch Rating downgrade China's credit rating. In Europe markets are higher in anticipation of this morning's CPI report and tomorrows ECB meeting. Oil prices are higher as trader look towards this morning's inflation and stockpiles reports.

NewsWare's Trade Talk: Tuesday, April 9

S&P Futures are flat to lower this morning with the focus on tomorrow's inflation report. Minneapolis Fed Kashkari indicated that he is concerned that the recent rise in oil prices will keep inflation higher. Israel is looking to start offensive action in Rafah. Economic calendar is quiet this morning. After the bell today are earnings reports from SGH, PSMT & WDFC. President Biden is schedule to make remarks on the Care Economy this morning and meets with Japan's Prime Minister this evening. In Europe markets are higher as market react to economic data and prepare for this week's ECB announcement. Oil prices are lower this morning as tensions in the Middle East are falling.

NewsWare's Trade Talk: Monday, April 8

S&P Futures are flat to higher this morning. Markets to focus on inflation data, the Feds meeting minutes and earnings reports from the big banks this week. Markets are adjusting to the possibility of only 2 rate cuts in 2024. Treasury Sec Yellen wrapped up a 4-day trip to China where she warned the country about the hazards of boosting capacity in the EV and solar panel markets. In Europe markets are higher as market react to economic data and prepare for this week's ECB announcement. Oil prices are lower this morning as tensions in the Middle East are falling.

NewsWare's Trade Talk: Friday, April 5

S&P Futures are moving higher this morning as markets display some resiliency after yesterday selling pressure. The key economic data point for today will be the Non-Farms payrolls report. Today's Fed speak will alco be closely monitors as yesterday's comment form Minn Fed Kashkari caused markets rethink the timeline of rate cuts. Tres Sec Yellen is in China discussing state sponsored industrial production. Israel remains on high alert for a possible relation strike from Iran. JNJ announces a deal to buy Shockwave Medical. In Europe markets are lower on economic data, Fed comments and geopolitical issues. Oil prices are slightly higher this morning and headed for a second week of gains.

NewsWare's Trade Talk: Thursday, April 4

S&P Futures are moving higher this morning as markets continue to digest the relatively dovish comments from Fed Chair Jerome Powell yesterday. Today's calendar is very active in terms of Fed Speak and they will likely continue with the narrative that the Fed can afford to wait on more economic data before initiating a rate cut. In corporate news, DIS won its proxy battle against Nelson Peltz. PARA board is looking for alternative bidders. AAPL is said to be consider home robotics for its next big thing. In Europe markets are mostly higher due to better-than-expected economic data. ECB meeting minutes are due out today. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Wednesday, April 3

S&P Futures are cautiously lower this morning. Key events to monitor include the details of a 7.4 earthquake in Tawain overnight. Eurozone's inflation reading being weaker than expectations. A speech by Fed Chair Jerome Powell and a host of economic reports. In corporate news, DIS is having its shareholders meeting today and INTC announced that its Foundry unit lost $7b in 2023. In Europe markets are mostly higher as markets expect the ECB to lower rates in June after this morning's positive reading on inflation. Oil prices tick higher ahead of OPEC meeting and this morning stockpiles report.

NewsWare's Trade Talk: Tuesday, April 2

S&P Futures are weakening this morning as yields on the 10 year treasuries hit their highest level in more than 4 months. Yesterday's positive ecnomid data has the markets pushing back its time frame on when rate cuts will commence. Change to Medicare will result in insurers being paid less is causing weakness in that sector this morning. GE is spinning off GE Vernova today, the shares will be traded under ticker GEV. In Europe markets are mostly higher and Oil prices are seeing strong gains as geopolitical issues push prices higher.

NewsWare's Trade Talk: Monday, April 1

S&P Futures are displaying gains this morning as markets start to price in Friday PCE data along with Fed Chairmen Jerome Powell's comments from a speech of Friday. Markets are starting off the second quarter on a positive note, 3M is spinning off Solventum today, the shares will be traded under ticker SOLV. Market will be focused on employment data in the week ahead with Friday Non-Farm Payrolls report being the key economic report for the week. In Europe markets are closed and Oil prices slightly negative with multiple key catalysts ahead.

NewsWare's Trade Talk: Thursday, March 28

S&P Futures are slightly lower this morning ahead of tomorrow's PCE report which will be released when markets are closed. This morning economic reports include Jobless Claims and a data revision to 4Q GDP. Fed Gov Waller spoke late yesterday and feels that the Fed can take its time for lowering interest rates. Walgreens is scheduled to release earing this morning. In Europe markets are cautiously higher and Oil prices are positive as the market look ahead to an OPEC meeting next week.