NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Wednesday, August 9

S&P Futures are displaying a move higher this morning as the markets continues to digest Moody's downgrades of several mid-sized banks. DIS and TTD are scheduled to release earnings later today, BABA is scheduled for tomorrow. China's economy remains on watch due to disinflation concerns. In European stocks are higher and oil prices continue to move higher.

NewsWare’s Trade Talk: Tuesday, August 8

S&P Futures are moving lower this morning. Key headlines causing this mornings weakness include, China's weak trade data, Moody's downgrading multiple U.S. banks and Italy announcing a news tax on profit windfalls. In European stocks are lower and oil prices are off by more than 1% this morning.

NewsWare’s Trade Talk: Monday, August 7

S&P Futures are displaying gains this morning. Markets will be focused on Thursday CPI report as oil prices have been climbing higher. the European stocks are trading lower this morning on weakening economic data and concerns over China's property sector. Oil is lower this morning.

NewsWare’s Trade Talk: Friday, August 4

S&P Futures are expected to open higher this morning. Before the market opens today the Labor Dept will be releasing July employment data. This morning NonFarms Payrolls report will be closely monitored as it is used by the Fed's policy makers for interest rate decisions. AMZN delivered stronger than expected results last night. AAPL EPS were positive on the back of its App Store revenue, but declining iPhone sales is causing the stock to move lower this morning. European stocks have reversed course and are not trading lower on the day. Oil is higher and will likely close higher for the sith week in a row.

NewsWare’s Trade Talk: Thursday, August 3

S&P Futures are lower going into this morning's economic releases. The Bank of England raised interest rates by 25 basis points. Market is preparing for key earnings releases this afternoon from Apple & Amazon. European stocks are off session lows and oil prices are flat this morning ahead of an OPEC meeting tomorrow.

NewsWare’s Trade Talk: Wednesday, August 2

S&P Futures are negative in reaction to Fitch Rating downgrading of the U.S. debt to AA+ from AAA. The downgrade is due to repeated debt ceiling standoffs in Congress and fiscal deterioration caused by the Feds latest rate hike. Market environment is different than in 2011 when S&P downgraded the U.S. debt. The negative headline will weigh on markets this morning. In Europe, the major indexes are trading lower and oil prices are higher as stockpiles data is weakening.

NewsWare’s Trade Talk: Tuesday, August 1

S&P Futures are starting off the month of August in the red. Weakening PMI data from China and Europe is creating a negative sentiment this morning. CAT &PFE reported better than expected earrings. BP & MRK missed estimates. This afternoon AMD, SBUX, ALL,& PINS are scheduled to release. Market will be focused on the ISM Manufacturing report due out this morning, In Europe, the major indexes are down on weaning retail sales data out of the U.K and disappointing PMI data in the E.U. Oil prices are lower as traders appear to be booking profits ahead of an uncertain demand outlook.

NewsWare’s Trade Talk: Monday, July 31

S&P Futures are trading slightly this morning this morning as the corporate earnings season continues this week. WMT to take control of Flipkart. JNJ under pressure as a federal judge issue negative decision on talc case. CVX is upgraded by major broker. Trucking firm Yellow shut down operations yesterday. China's PMI data was mixed but additional economic stimulus appears to be on the way. In Europe, the major indexes are mixed to higher with corporate earnings results in focus. Oil prices are higher as China's stimulus comments is helping to boost prices this morning.

NewsWare’s Trade Talk: Friday, July 28

S&P Futures are positive this morning indicating a higher opening today. Intel delivered a positive earnings report. This morning PCE report on inflation will be the key to the market's direction today. Banks appear to be halting stock buybacks again as new capital rules loom. Japan makes a move to allow for higher interest rates. In Europe, the major indexes are mixed with corporate earnings results in focus. Oil prices are slightly lower but likely to close higher on the week for the fifth week in a row.

NewsWare’s Trade Talk: Thursday, July 27

S&P Futures are displacing strong gains this morning as yesterday rate hike from the Fed may be its last. Fed Chair Powell indicated that their Fed staff no longer is predicting a recession in 2023. Looking ahead today, there are a host of key economic reports scheduled for release in the pre market (GDP, Durable Goods &Jobless Claims). Meta is up over 8% this morning on strong earnings. In Europe, the major indexes are highly positive due to corporate earnings results and ahead of today's ECB decision on interest rates. Oil prices are positive by more than 1% this morning as rate hikes tend to lift oil prices.