NewsWare‘s Trade Talk

NewsWare's Trade Talk: Wednesday, April 17

S&P Futures are showing positive action this morning due to mostly positive corporate updates. Shares of UAL are higher after a strong earnings report last night. Shares of ADSK are weak as it will be late with its annual report. The economic calendar is light today with Beige book data due out this afternoon. The Biden admin is looking to triple the tariffs on Chinese steel and aluminum products. The U.S. & The U.K are expected to announce a new round of sanction on Iran. In Europe markets are higher due to strong earnings reports. Oil prices are weakening with stockpile data in focus this morning.

NewsWare's Trade Talk: Tuesday, April 16

S&P Futures are flat to lower this morning with multiple factors in play. The possibility of Israel striking back at Iran remains a hot topic for the markets. New expectations that the Fed will only issue 1 rate cut in 2024 has markets on edge. Corporate earnings remain a key driver for stocks. This morning BAC, BK, JNJ, PNC and UNH all reported better than expected results. Fed Chair Powell to speak today at 1:15 pm. In Europe markets are down by more than 1% and oil prices are displaying some weakness in the pre-market.

NewsWare's Trade Talk: Monday, April 15

S&P Futures are trading higher this morning as market react to a de-escalation of tensions in the Middle East. The markets will continue to monitor the situation but will also be paying attention to this morning's Retail Sales report and corporate earnings announcements. Metals are higher amid new sanctions on Russia from the U.S. & the U.K. Salesforce.com is said to be eyeing a takeover of Informatica (INFA). Earnings are due out this morning from GS and SCHW. In Europe markets are displaying gains and oil prices are falling as Ian indicated that it is done with its retaliatory actions.

NewsWare's Trade Talk: Friday, April 12

S&P Futures are slightly lower this morning. International events are playing a role in this morning's action. China is telling its telecom firms not to use foreign made chips. The Biden administration has added 6 Chinese companies to its blacklist. Iran is expected to launch a retaliatory strike within days. First quarter earnings season kicks off today with reports due out from a number of big banks. In Europe markets are displaying strong gains as inflation data is weakening. Oil prices are being support by Middle East tensions; IEA cut its forecast for oil-demand growth this year.

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.