NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, June 26

S&P Futures are pointing to a lower opening this morning. The week ahead will be active. There are a host of import earnings and economic reports being released. In addition the is the annual stress test results and the key ECB meeting of central banker in Portugal. Markets seems to be showing minimal concern over the recent turmoil in Russia. European markets started off with elevated losses this morning due to the Russia situation, and have reclaimed 50% of the losses in the past 2 hours. Oil futures are showing gains in early trading.

NewsWare’s Trade Talk: Friday, June 23

S&P Futures are pointing to a lower opening this morning. With a number of Central Banks raising interest rates on Thursday and the continuing hawkish comments from Fed Chair Powell are resulting in weakness this morning. On deck is a key Economic report (PPI) and Fed Speak. MMM is higher on legal settlement news. SPCE is off as the company announce plans to raise 400m by selling more shares. European markets are trending lower and oil futures are continuing to show weakness down more than 1% in the pre-market.

NewsWare’s Trade Talk: Thursday, June 22

S&P Futures are continuing to display weakness this morning in the pre-market. Fed Chair Jerome Powell is scheduled to continue his testimony today, this time he will be in front of the Senate banking Committee. A rate decision from the Bank of England is due this morning. Also on deck are reports on Jobless Claims & Existing Homes Sales due out this morning. European markets are trending lower and oil futures are falling ahead of this morning inventory report.

NewsWare’s Trade Talk: Wednesday, June 21

S&P Futures are trading slightly higher this morning in advance of Fed Chair Jerome Powell's testimony on Capitol Hill this morning. In his press conference last week, Powell display a rather hawkish tone. Automobiles and Crypto stocks are trading higher in the pre-market. FDX is lower after posting a drop in revenue for the 3rd straight quarter. European markets are trending higher and oil futures are also positive this morning.

NewsWare’s Trade Talk: Tuesday, June 20

S&P Futures are lower this morning after a 3-day holiday weekend. China Central Bank announced cuts to two key interest rates in an effort to stimulate its economy. Fed Chairman Jerome Powell with be testifying on Capital Hill tomorrow and Thursday. The calendar this week is heavy on Fed Speak, multiple hawks are schedule to speak. European markets remain mixed to lower while oil prices are rising.

NewsWare’s Trade Talk: Friday, June 16

S&P Futures turned higher after being softer earlier this morning following a strong move higher yesterday and ahead of a 3-day weekend. Tech stocks are displaying strength while utility stocks are weakening. The inversion of the yield curve remains a source of concern and have return to level right before the banking crisis. Watch for hawkish comments from Fed Govenor Christopher Wall this morning. Secretary of State Anthony Blinken is traveling to China in an attempt to repair relations. European markest are positive, but off their earlier highs. Oil is weakening after yesterday strong gains.

NewsWare’s Trade Talk: Thursday, June 15

S&P Futures are trading lower this morning as the Fed's hawkish tone in yesterday's statement continues to affect the markets. The Fed's dot plot indicates the possibility of two 25 basis point hikes this year. Powell seemed to waiver on the likelihood of a rate hike in July. Retail sales and industrial production data out of China overnight missed estimates, The PBOC reacted by cutting its key policy rate. Later this morning the ECB will make a monetary policy announcement. Oil is gaining due to positive refinery activity out of China.

NewsWare’s Trade Talk: Wednesday, June 14

S&P Futures are trading higher and the dollar is weakening this morning, multiple sectors showing gains in the pre-market. A judge temporarily blocks MSFT acquisition of ATVI. AMD is trading higher on reports that AMZN is considering AMD's latest AI technology. European indexes are higher, The ECB is to release it's monetary policy statement tomorrow. Oil continues to gain as the IEA lifts its forecast and the White House appears to be ready to buy 12m barrels of oil for the Stategic Petroleum Reserve.

NewsWare’s Trade Talk: Tuesday, June 13

S&P Futures are trading slightly higher this morning. Markets are awaiting today CPI release which is expected to show that inflation has fallen on the year over year basis. China made a move to ease monetary policy; additional stimulus is likely as credit data is weak. ORCL is showing strong gains after its earnings report yesterday. HD is higher and sees mid to high single digit eps growth. In Europe, share are trading higher, Asian markets were also higher and oil is positive by 1% after yesterday's sell off.

NewsWare’s Trade Talk: Monday, June 12

S&P Futures are positive ahead of tomorrow's CPI and Wednesday's FOMC announcements. The ECB and the BOJ will also be having meetings this week on monetary policy. There is speculation that Chinese regulators may lower the medium-term lending facility. This afternoon Oracle will be releasing earnings. BIIB receives approval for it's Alzheimer treatment. European markets are trading higher this morning and Oil is down 2% in the pre-market.