NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Friday, June 9

S&P Futures are displaying some caution and have been trading about 1/10 of a percent lower all morning. The market is awaiting to key events 1) Release of the CPI data on Tuesday. 2) FOMC announcement of interest rates on Wednesday. Data out of China showed produce prices fell 4.6% in May. European markets are trading lower this morning and Oil is flat today in the pre-market.

NewsWare’s Trade Talk: Thursday, June 8

S&P Futures are positive this morning. Volatility remains subdued ahead of next week's FOMC meeting. Markets are pricing in a 68% possibility that the fed will pause on a rate hike next week. European markets are mixed to higher this morning, tech & telcom stocks are trading lower. Oil is slightly higher in the pre-market.

NewsWare’s Trade Talk: Wednesday, June 7

S&P Futures are flat to lower this morning. Economic data out of China overnight will likely weigh on equities this morning. Visa and Mastercard are lower due to elevates support from lawmakers on an attempt to cap their fees. European markets are slightly lower this morning and Oil is slightly higher in the pre-market.

NewsWare’s Trade Talk: Tuesday, June 6

S&P Futures are slightly lower this morning. In the day ahead, there are few corporate earnings reports and no Fed Speak or economic reports due out. Markets appear cautious ahead of next week's FOMC meeting where a pause in rate hikes is expected. Japan's Nikkei hit an all time high last night as the weakening dollar helped push stocks higher. European markets are slightly lower this morning and Oil is giving back most of yesterday's gains.

NewsWare’s Trade Talk: Monday, June 5

S&P Futures are little changed this morning as the market turns to the next big catalysts event which is the upcoming FOMC meeting. While inflation remains elevated, the Fed is not expected to raise rates in the June meeting. Oil is trading higher this morning, OPEC is keeping production volumes at current quotes, Saudi Araba will however institute a voluntary production cut 1m barrels per day in July. Growth in China's services sector overnight is a bullish sign for equities. European markets are mostly higher ahead of a speech today by ECB president Christine Lagarde.

NewsWare’s Trade Talk: Friday, June 2

S&P Futures are trading higher this morning as the debt ceiling bill passes in the Senate. This morning Non Farm Payroll report is expected to display slowing job creation. In an interview, Kashkari of Minn Fed indicates he is focused on bring inflation down, under 2%. The Nikkei hit a new high and the Hang Seng rose 4% overnight. European markets are higher, and oil is gaining, up roughly 1.5% this morning.

NewsWare’s Trade Talk: Thursday, June 1

S&P Futures are trading higher this morning as the debt ceiling bill passes in the House. In China, the Caixin Manufacturing PMI data showed improvement for the first time since Feb. Fed officials came out yesterday in favor of a pause in rate hikes at the upcoming Fed meeting. Earning overnight we positive, yet CRM and CRWD are trading lower this morning. European markets are higher and oil is lower ahead of this morning stockpiles data from the EIA.

NewsWare’s Trade Talk: Wednesday, May 31

S&P Futures are weakening this morning. China's manufacturing activity slipped to 48.8 in May, causing concerning in Asian and European equities. Markets in the U.S are focused on the Debt Ceiling bill where a vote is expected in the House later this evening. A possible rate hike in June is on the table, chances for a June rate hike is at 0.65%. European markets are lower and oil is down over 2% ahead of the upcoming OPEC meeting.

NewsWare’s Trade Talk: Tuesday, May 30

S&P Futures are displaying gains this morning due to the progress of the debt ceiling talks which are headed towards a congressional vote later this week. AI and tech stocks are leading this morning's move higher and there are a host of earning reports due out after the close. European markets are mixed and oil is down over 1% ahead of the upcoming OPEC meeting.

NewsWare’s Trade Talk: Friday, May 26

S&P Futures are positive ahead of this morning key inflation reading. Debt Ceiling talk appear positive as the media indicates a framework of an agreement is starting to form. Once debt issue is resolve, all eyes will be back on upcoming OPEC and FOM meetings. European markets have reversed direction and are not trading higher and oil futures are positive in the pre market.