NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Thursday, September 14

S&P Futures are higher this morning ahead of key reports on PPI and Retail Sales which are due out 1 hour before the market opens. Auto makers are on watch as the UAW contracts expires this evening. China's Central Bank to cut reserve requirement ratio further. Semiconductors could get a boost today as ARM is expected to start trading. European stocks are mixed this morning and oil futures are positive this morning with a gain of more than 1%.

NewsWare’s Trade Talk: Wednesday, September 13

S&P Futures are slightly lower and oil is trading higher this morning. The Labor Dept will be releasing CPI data for August. 1 hour after the market opens, the official oil stockpiles report is due out. Auto sector remains on watch ahead of a potential strike announcement when the UAW contract expires at midnight tomorrow. The upcoming ARM IPO is said to be oversubscribed. CEO of BP resigned abrutply yesterday. European stocks are lower this morning, the U.K.'s GDP contracted 0.5% in July.

NewsWare’s Trade Talk: Tuesday, September 12

S&P Futures are slightly lower this morning as the market awaits reports from OPEC this morning and of course tomorrow's CPI report. The House is back in session today and talks on the spending bill likely to dominate the news on Capital Hill. UAW contract with the auto makers expires Thursday at 11:59 pm. Apple is set to release the iPhone 15 today. The upcoming ARM IPO is said to be oversubscribed. European stocks are mixed to lower this morning. Oil prices higher as the markets awaits the latest comments from OPEC & the IEA.

NewsWare’s Trade Talk: Monday, September 11

S&P Futures are trading higher this morning with the focus on upcoming coming economic reports. This week we have CPI, PPI and Retail Sales reports due out. FOMC meeting is not till next week, but fed official are indicating a skip in rate hikes. European stocks are higher this morning with an ECB announcement due this week. Oil prices slightly lower as the health of the Chinese economy is in question.

NewsWare’s Trade Talk: Friday, September 8

S&P Futures are leaning lower this morning as the market continues to be cautious on the outlook for interest rates. Two more Federal Reserve policymakers hint that the central bank is inclined to skip hiking interest rates at this month's FOMC meeting. Major banks are showing gains as IPO activity is said to be on the upswing. European stocks are negative this morning Oil prices have reversed course and are now trading higher.

NewsWare’s Trade Talk: Thursday, September 7

S&P Futures are trading are trading lower this morning with concern about the Fed's next move looming over the markets. Investors have a number of economic reports to watch including the latest jobless claims and will be looking for clues in a bunch of Fed speak scheduled today. 

NewsWare’s Trade Talk: Wednesday, September 6

S&P Futures are trading lower this morning as higher bond yields along with rising oil prices has traders worried that inflation is coming back. GTLB, HQY & ZS are higher on earnings news. The markets will be paying attention to the services-sector activity data and the Fed's Beige Book due later in the day for their policy implications. Airlines have release statements on concerns of higher oil prices. Applications for a mortgage to purchase a home fell 2% for the week and were 28% lower than the same week one year ago. European stocks are lower this morning due to weak factory orders out of Germany. Oil prices are slightly lower this morning.

NewsWare’s Trade Talk: Tuesday, September 5

S&P Futures are trading lower this morning as the market is concerned with the weak PMI figures from China and the EU. Goldman lowered its odds for a recession in the next 12 months due to recent labor and inflation data. Traders will be paying attention to Fed Speak this week ahead of the quite period that starts on Saturday. CME's Fed Watch tool indicate only a 7% chance of a rate high at the Sept FOMC meeting which takes place in two weeks. European stocks are lower this morning and Oil prices are weakening due to the drop in China's services PMI.

NewsWare’s Trade Talk: Friday, September 1

S&P Futures are trading higher this morning This morning focus is on the Non-Farms payrolls report which is to be release before the opening bell. DELL, LULU, MDB & S are higher on earnings reports. China's factory activity appears to have increased in August and Beijing rolls out more stimulus. In Europe, stocks are higher. Oil prices are displaying gains and are headed for a weekly gain.

NewsWare’s Trade Talk: Thursday, August 31

S&P Futures are positive this morning. This morning focus is on Jobless Claims and the PCE report due out before the opening bell. CRM, CRWD & OKTA are higher on positive earnings reports. China's PMI data remained in contraction mode; manufacturing activity was higher in August as compared to July. In Europe, stocks are mixed to higher ahead of this morning economic data releases. Oil prices higher as China's PMI data came in better than expected.