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S&P Futures are displaying gains this morning as markets start to price in Friday PCE data along with Fed Chairmen Jerome Powell's comments from a speech of Friday. Markets are starting off the second quarter on a positive note, 3M is spinning off Solventum today, the shares will be traded under ticker SOLV. Market will be focused on employment data in the week ahead with Friday Non-Farm Payrolls report being the key economic report for the week. In Europe markets are closed and Oil prices slightly negative with multiple key catalysts ahead.
S&P Futures are slightly lower this morning ahead of tomorrow's PCE report which will be released when markets are closed. This morning economic reports include Jobless Claims and a data revision to 4Q GDP. Fed Gov Waller spoke late yesterday and feels that the Fed can take its time for lowering interest rates. Walgreens is scheduled to release earing this morning. In Europe markets are cautiously higher and Oil prices are positive as the market look ahead to an OPEC meeting next week.
S&P Futures are again displaying indications of a strong opening this morning. MMM is about to spin off its healthcare business in an IPO next month. MRK is trading at a 52 week high on a key FDA approval. On the Eanings front, shares of nCinco (NCNO) are higher by 12% on positive earnings, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). European markets are higher and Oil prices are lower this morning ahead of pending stockpile reports.
S&P Futures are display indications of a strong opening this morning. While Fridays PCE report is the key economic release of the week, today markets will be paying attention to a host of key economic data points including Durable Goods for February, the Case-Shiller Home Prices Index for January and Consumer Confidence data for March. On the Eanings front, Spice maker McCormick (MKC) deliver a positive earnings against weak expectations, (it was the stock of the day yesterday on NewsWare's Trade Talk podcast). MMM announces settlement in earplug litigation. European markets are higher in cautious trading and Oil prices are flat to higher this morning ahead of pending stockpile reports.
S&P Futures are moving lower this morning in a holiday shortened week. Tech is under pressure as China indicates that it will cease buying PC's containing INTC or AMD chips. EU regulators are looking into AAPL, META & GOOG over violation of new digital competition law. Markets will be paying attention to Fed Speakers today. European markets are lower with weakness in tech and Oil prices are moving higher this morning on geopolitical events.
S&P Futures are positive this morning with markets continuing to display strength mainly due to the Fed's continuation of 3 rate cuts in 2024. The economic calendar is void of any market moving reports today, however the Fed is scheduled to hold a Fed Listens event. Earnings were mixed yesterday after the close, FDX is higher, LULU and NKE are trading lower this morning. A ceasefire proposal is likely to be presented at the UN today. European markets are higher, retail sales data out of the U.K was positive and Oil prices have turned higher this morning.
S&P Futures are displaying solid gains this morning as yesterday's Fed news is sparking a rally in equities. Fed Chairman Jerome Powell was dovish in his press conference. This morning's PMI data for manufacturing and services will be widely watched. On the earnings front, Micron delivered a positive report sending the shares higher. This afternoon we have reports due out from NKE, FDX & LULU. Apple shares are week as an announcement from the DOJ is expected today. European markets are higher, there is a BOE rate decision today and Oil prices are displaying weakness this morning.
S&P Futures are lower this morning and are in a tight trading range which is typical pending an announcement by the Fed on monetary policy. The updated Dot Plot data will provide the markets with indication as to the timing and the number of possible rate cuts in 2024. Intel is showing strong gains this morning as they will be receiving an $8.5B grant from the Chips Act later today. Shares of Chipotle Mexican Grill are higher after the board approved a 50-for-1 split of the fast-casual restaurant chain's common stock. Boeing shares are lower as their CFO said that the company is limiting production of its 737 planes. European markets are mixed to lower and Oil prices are displaying weakness this morning ahead of a key stockpiles report.
S&P Futures are lower this morning as traders show caution ahead of tomorrow's FOMC announcement. Overnight, the Bank of Japan lifted interest rates and gave dovish guidance. At the Nivida conference late yesterday, they introduced its new Blackwell chip system. In Europe, markets are mainly higher. Oil prices are slightly lower this morning.
S&P Futures are trading higher this morning as markets await monetary decisions from the BOJ, FOMC & the BOE this week. The BOJ is expected to hike interest rates while the FOMC & the BOE are expected to leave rates unchanged. Wednesday announcement will include an update to the Feds Dot Plot which is expected to show Fed members penciling in 2 rate cuts this year, down from 3. Apple is said to be in talks with Google over the use of its Gemini AI tool in its new iPhone. Nivida GTC Developers conference starts today, Keynote address to discuss the company's latest AI offerings. President Biden is expected to announce a chip grant on Wednesday in Arizona. Earning announcement this week include MU, FDX, LULU & NKE. In Europe, markets are mainly higher. Oil prices are also positive this morning with both contracts at 3-month highs.
S&P Futures are trading higher this morning ahead of multiple economic releases due out this morning. Markets expected to have some near-term volatility as there is a FOMC meeting next week. June rate cut expectations are falling. Key take away from next week's meeting is likely to be a revised Dot Plot. The BOJ is expected to announce an increase in interest rates on Monday. Chip stocks under pressure this morning as China urges EV makers to buy chips domestically. Next week, watch for earnings announcements from MU, FDX, LULU & NKE. In Europe, markets are mainly higher Oil prices are lower, but expected to finish the week with a strong weekly gain.
S&P Futures are displaying solid gains this morning as the market eagerly anticipates the release of key US economic indicators, including producer price data. The PPI data is used to calculate the PCE data which is due out on March 20th. In deal news, PARA sells its 13% stake in Viacom 18 to India's Reliance, AZN to buy rare-disease specialist Amolyt Pharma. Earnings from ULTA & ADBE are due out after the bell today. FOSL, QSR & UA announced CEO changes. In Europe, markets are trading higher Oil prices are gaining this morning on the back of the monthly report from the International Energy Agency.
S&P Futures are moving slightly higher morning. The economic calendar is light this morning and Federal Reserve officials are in their black out period ahead of next week's FOMC meeting. Earnings from DLTR, WOOF and WSM are due out his morning and PATH, S & LEN are due out after the bell. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.
S&P Futures are positive this morning with this morning's CPI release in focus. The February report is likely to reflect a continued gradual disinflation process in the US, although the inflation rate remains elevated. In an interview last night, JPM CEO Jamie Dimon suggested the Fed needs to wait longer before cutting interest rates. Shares of ORCL are higher by 13% this morning after last night's earning release. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.
S&P Futures are in the red this morning with tomorrow report on inflation in focus. While tomorrows release is expected to show a decrease in the core, it is not expected to be in a range that the Fed wants to see before they start moving forward with rate cuts. Shares of Boeing are lower this morning on news that the Justice dept is considering a criminal probe into manufacturing concerns. After the bell today earnings announcements are expected from ORCL, CASY & MTN. In Europe, markets are trading lower due to the pending inflation reports due out this week. Oil prices are slightly lower this morning.
S&P Futures are displaying slight gains this morning ahead of this morning Non-Farms Payrolls report from the Labor Dept which could shed some light on the state of U.S. labor demand and influence how the Federal Reserve approaches upcoming interest rate decisions. Fed Chair Jerome Powell, meanwhile, says policymakers are "not far" from having the confidence that inflation is sustainably easing, fueling hopes for rate cuts this year. Fed Chair appeared dovish in his appearance before the Senate yesterday. Bidens' State of the Union speech was more political and did not contain any significant items that would drive markets today. In Europe, markets are slightly higher as the ECB displayed a dovish tone at the conclusion of the ECB meeting yesterday. Oil prices have reversed course and are now trading lower.
S&P Futures are higher this morning ahead. Fed Chair Jerome Powell is schedule to speak before the Senate today. This evening President Biden will be giving the State of the Union speech. He is expected to highlight his administrations achievements and to touch on topics such as corporate taxes, immigration and the conflicts in Ukraine and the Middle East. Multiple key earnings announcements are scheduled for release after the bell today (AVGO, COST, DOCU, GPS & MRVL). In Europe, traders are awaiting commentary on monetary policy from the ECB this morning. The ECB is expected to hold rates steady. Oil prices are falling due to economic data out of China and the lack of a clear stimulus package from Chinese officials at the Two Session meeting.
S&P Futures are higher this morning ahead of a key speech by Jerome Powell this morning. Tech stocks are positive as CRWD delivered positive earnings results last night. In addition to Powell there are a host of other Fed officials speaking today whose commentary is expected to be in step with Fed Chairman Jerome Powell. Employment data is on watch this morning with the ADP employment and the JOLTs reports scheduled for release. In Europe, stocks are gaining on positive export data out of Germany and expectations of tax cuts in the U.K. Oil prices are higher as Hamas is pushing for a ceasefire in the Middle East and price hikes from Saudi Arabis to Asia.
S&P Futures are lower this morning and trading is cautious. Market's attention is really on tomorrow testimony by Fed Chairman Jerome Powell. Powell may provide insight as to when the Fed may start to lower interest rates. Share of Target are displaying strong gains after their earnings release. AAPL is weaker due to iPhone sales in China. In Europe, stocks are trading flat lower due to weak economic data. Oil prices are trading slightly lower this morning as market were looking for China to announce stimulus measures.
S&P Futures are slightly lower this morning. Markets will be digesting comments from Fed Chair Jerome Powell and the monthly non-farm payrolls report this week. Macy's is higher this morning on an increased takeover bid. DECK & SMCI will be replacing WHR & ZION in the S&P 500 on March 18th. Bank of America lifts its year end price target for the S&P 500 to 5400 but warned of a near term pull back. In the week ahead markets will price in earnings reports from TGT, ROST, CRWD, FL, CPB, JD, CIEN, BURL, GPS, MRVL COST & AVGO. In Europe, stocks are trading flat lower ahead of an ECB meeting this week. Oil prices are trading slightly lower this morning as OPEC will be extending its production cuts for another 3 months in an effort to boost prices.
S&P Futures are flat to higher. Last night's earnings reports were mostly positive, but there is a caution in the air. This morning manufacturing and construction spending reports should set the tone for today. New York Community Bancorp announced "material weakness" in some internal controls is sending the stock lower. The cease fire talk between Israel & Hamas have stalled. DELL, NTAP & ADSK are showing strong gains after earnings releases. In Europe, stocks are trading higher with tech stocks gaining. Oil prices are trading higher by more than 1% this morning.
S&P Futures are lower this morning with the market's attention on the latest inflation report that is to be release before the bell. Top U.S. congressional leaders have reached a deal to keep the federal government fully operating beyond Friday. DOLE & HRL are higher this morning on positive earnings. BBWI, BUD, NTES & SIX are weaker after earnings releases. This afternoon watch for earnings results from DELL, ADSK, ZS, VEEV, HPE, COO and NTAP. In Europe, stocks are trading mainly higher on regional inflation data results. Oil prices are trading lower this morning.
S&P Futures are lower this morning as tech stocks move lower in international markets. Tomorrow's inflation report will be a key catalyst for the market when the data is released tomorrow morning. There is a host of Fed Speak today as markets are pricing in 3 quarter point rate cuts this year, which is on par with what the Fed Speakers have been indicating this year. In Europe, stocks are mixed with gains in autos & sportswear and weakness in basic resources & tech. Oil prices falling due to yesterday's API estimates which indicated a build in inventories.
S&P Futures are flat to higher this morning in a tight trading range. Markets are waiting on economic data releases and the key economic release this week is the PCE report which is scheduled to be release on Thursday morning. FTC is pushing to block ACI/KR merger. CVX/HES deal is in jeopardy as XOM & CNOOC are making moves to thwart the merge. Earnings beats from AZO, CRI, EYE, LOW, PRGO and SJM. In Europe, stocks are flat to higher ahead of pending inflation data releases. Oil prices have reversed course and are now trading lower in the pre-market.
S&P Futures are flat to higher this morning. Earning and economic reports will be in focus this week. Multiple companies are expected to release earnings this week including ZM, WDAY, M, LOW, BIDU, TJX, CRM, SNOW, BUD, HOQ, ADSK & DELL. Then there are the economic reports this week with PCE data due out on Thursday. Progress is said to be moving forward for a cease fire in Gaza. In Europe, stocks are flat to lower and oil prices are continuing to move lower in the pre-market.
S&P Futures are flat to higher this morning. A host of macro economic data points out of Europe this morning, none of them are impacting markets though. Fed officials speaking after the bell yesterday stuck to their narrative of wanting to see more data on inflation before proceeding with any rate cuts. Shares of SQ & CVNA are higher due to positive earnings announcement. WBD to release this morning. Middle East cease fire talks are scheduled for tomorrow in Paris. Key inflations reports are due out next week. In Europe, stocks are flat to higher ahead of ECB speeches. Oil prices are off by more than 1.5% in the pre-market.
S&P Futures are pointing to a strong opening today. The key to this morning's positive sentiment is NVDA's earnings report which is lifting tech shares. Fed's Meeting Minutes reinforced expectations of a June / July time frame for rate cuts to start. Fed officials worry about cutting rates too soon rather than keep them high for too long. In Europe, stocks are higher with gains in the auto and tech sectors. Oil prices are trending higher in the pre market.
S&P Futures are pointing to a lower opening this morning. Highlights for today will be the release of the Fed's Meeting Minutes and the earnings announcement from NVDA. Cyber security firms PANW & KEYS delivered guidance below markets expectations last night. Amazon is being added to the DJ Industrial Average on Monday. It will be replacing WBA. Bezos sold 14m shares recently according to filing released yesterday. In Europe, stocks are slightly higher with gains in the auto and retail sectors, basic resources sector is weak. Oil prices are trending lower in the pre market.
S&P Futures are in the red this morning with the market's attention on earning and economic events. HD released this morning and is lower due to a weak outlook and a drop in same store sales. China cut a key interest rate overnight. Capital One to buy Discover Financial in a 35B deal. Fed meeting minutes are out tomorrow, expectations are likely to focus on official's hawkish viewpoints. In Europe, stocks are slightly higher with gains in the banking sector. Oil prices are lower this morning but remain close to three-week highs.
S&P Futures are indicating another move higher with AI stocks leading the move. AMAT delivered a bullish earnings report yesterday after the bell which is supporting the AI narrative of future growth. As a result, we are seeing Nasdaq futures trade higher this morning. Before the bell this morning there are a number of important economic data points scheduled for release. In Europe, stocks are higher with gains in the auto, banking and tech sectors are positive. Oil prices are lower this morning after closing yesterday with a strong 1.5% gain.
