At NewsWare‘s Trade Talk, we provide up-to-the-minute market moving news along with the facts, themes and trading ideas for the day ahead.
Episodes
Wednesday Aug 30, 2023
Wednesday Aug 30, 2023
S&P Futures are slightly lower this morning. Autos & semiconductor stocks are weak. Employment data be a key focus again today with the ADP Employment report being released. Hurricane Idalia remains a key issue as the storm will make landfall today. In Europe, stocks are mixed to lower. Regional inflation data from Spain & Germany came in slightly hotter than anticipated. Oil prices remain elevated for now ahead of Hurricane Idalia making landfall. Also effecting oil prices was the API report which indicated a larger than expected draw on stockpiles.
Tuesday Aug 29, 2023
Tuesday Aug 29, 2023
S&P Futures are slightly positive this morning. Autos, banks, & oil stocks are showing gains. Employment data will be watch closely with the JOLTS report due out 30 minutes after the opening bell. The Fed data dependent mantra has the ability to create significant volatility in the markets. In Europe, the major indexes are showing gains & oil prices are ticking higher on news reports that China is pledging additional support for markets.
Monday Aug 28, 2023
Monday Aug 28, 2023
S&P Futures are flat to higher as the market continues to digest comments from Fed Chair Jerome Powell. China rolled out some stimulus measures over the weekend which is resulting in Chinese stocks moving higher this morning. MMM said to have reached a settlement in the earplugs case. Attention this week will be on Thursday's Personal Consumption Index (PCE) report and on Friday's Non-Farm Payrolls report. In Europe, the major indexes are showing gains & oil prices are ticking higher.
Friday Aug 25, 2023
Friday Aug 25, 2023
S&P Futures are higher this morning and bond yields are slightly higher this morning ahead of today's speech from Fed Chair Jerome Powell. Markets will be paying close attention to his speech and today's directional move will be based on his comments. In Europe, the major indexes are showing gains & oil prices are trading higher by more than 1%.
Thursday Aug 24, 2023
Thursday Aug 24, 2023
S&P Futures are positive this morning with tech stock in focus as NVDA delivered strong earnings overnight. Market will soon turn its focus to tomorrow speech by Fed Chair Jerome Powel. Chairman Powell is expected to continue to his message that the inflation battle is far from over and the rates need to remain elevated for some time. In Europe, the major indexes are showing gains & oil prices are slightly higher as the dollar has weakened.
Wednesday Aug 23, 2023
Wednesday Aug 23, 2023
S&P Futures are trading higher this morning as the market are bulling on the weakening economic data out of Europe this morning. The weaking data is an indication that the Fed's policy of raising rates is having its desired effect and is slowing down the global economy as the Fed works towards its 2% inflation target. Earnings and today's PMI reading will be in focus today. In Europe, stocks are trading higher & oil prices are falling.
Tuesday Aug 22, 2023
Tuesday Aug 22, 2023
S&P Futures are trading higher this morning with tech stocks in focus as AI favorite Nivida is scheduled to release earnings tomorrow afternoon. The banking sector is on watch as S&P lowered its credit ratings on KEY, CMA, VLY UMBF and other smaller banks. Retail stocks will be active on earnings announcement this morning as M BJ, COTY DKS, BIDU LOW are reporting. In Europe, stocks are higher with technology stocks moving higher. Oil prices are slightly lower ahead of stockpile reports.
Monday Aug 21, 2023
Monday Aug 21, 2023
S&P Futures are trading higher this morning as the markets continue to show relatively positivity. China continues to make promises on a stimulus package, however their actions have been a disappointment to the markets. PANW delivered robust earnings after the close on Friday. Disinflation remains a key factor in the markets. In Europe, stocks are higher with healthcare and energy are higher. and oil prices rising on production concerns.
Friday Aug 18, 2023
Friday Aug 18, 2023
S&P Futures are displaying gains this morning. Earnings announcements from CSCO and WMT are in focus. Fitch Rating hinted that it may reconsider China's A+ credit grade. In Europe, stocks are slightly lower and oil prices rebounding after weakening earlier this week.
Thursday Aug 17, 2023
Thursday Aug 17, 2023
S&P Futures are displaying gains this morning. Earnings announcements from CSCO and WMT are in focus. Fitch Rating hinted that it may reconsider China's A+ credit grade. In Europe, stocks are slightly lower and oil prices rebounding after weakening earlier this week.