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US Futures are Mixed This Morning as the Fed's Two-Day Meeting Comes to a Close

US futures are mixed this morning as the Fed’s two-day meeting comes to a close.  Investors are expecting the Fed to announce its plans to unwind its large balance sheet.  No major economic data was released this morning and later this morning we will get existing home sales.  Oil is trading higher with brent and crude up 1% each in early trade.  Markets in Asia closed higher led by the Shanghai index.  European markets are trading mixed as traders there await the announcement from the Fed.   

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29 Hits

US Futures are Higher This Morning as the Fed Begins Their Two Day Meeting

US futures are higher this morning as the Fed begins their two day meeting.  Investors will be looking to see if the FOMC will begin winding down its large balance sheet.  In economic data, US housing starts came in at 1.18 million compared to estimates of 1.175 million and import prices rose 0.6% compared to estimates of a 0.4% rise.  Markets in Asia closed mixed with most indices closing down with the exception of the Nikkei which rose on the back of a weaker yen.  European markets are trading mixed with the FTSE higher and the DAX down slightly.                                                                         

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21 Hits

US Futures are Higher This Morning as Markets Look to Reach new All-Time Highs

US futures are higher this morning as markets look to reach new all-time highs.  Economic data due out later today includes the NAHB home builders survey.  The market will look ahead to Wednesday’s announcement from the FOMC following their two day meeting.  Investors will be looking for clues as to when the Fed will tighten more and reduce their $4.5 trillion balance sheet.  Asian markets closed higher led by the Hang Seng and European markets are trading higher led by the FTSE.        

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25 Hits

US Futures are Mixed This Morning as Investors Weighed Economic Data and Geopolitical Tensions

US futures are mixed this morning as investors weighed economic data and geopolitical tensions.  Geopolitical tensions rose again as North Korea fired another missile over Japan yesterday.  Japan’s prime minister has asked the United Nations to act on this threat.  In economic data, retail sales fell 0.2% compared to estimates of a 0.1% rise and the Empire State manufacturing index beat expectations.  Later today we will get consumer sentiment data.  Markets in Europe are trading lower led by the FTSE as reports of a London Tube explosion, which is being treated as a terror attack, weighed on sentiment.  Asian markets closed mixed with the Shanghai index closing lower while the Nikkei closed higher.

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28 Hits

US Futures are Lower This Morning Following Inflation Data

US futures are lower this morning following inflation data.  Markets are reacting negatively to data that showed CPI coming in at a 0.4% gain compared to estimates of a 0.3% gain.  In other economic data, weekly jobless claims came in at 284,000 compared to estimates of 300,000.  Oil is continuing its move higher with crude oil trading above $50 a barrel as global oil demand estimates rose.  Asian markets closed lower led by the Shanghai index after weaker than expected economic data out of China.  Markets in Europe are trading lower led by the FTSE.       

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33 Hits

US Futures are Slightly Lower This Morning as the Two Day Rally Slows Down

US futures are slightly lower this morning as the two day rally slows down.  All 3 major indices are trading around all-time highs following this week’s two day rally.  In economic data, mortgage applications rose 10% and PPI rose just 0.2% which was below estimates.  Markets in Asia closed mostly higher led by the Nikkei.  European markets are trading mixed with the FTSE lower while the DAX and the CAC are trading slightly higher.        

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38 Hits

US Futures are Higher This Morning as Investors Look to Continue Yesterday's Rally

US futures are higher this morning as investors look to continue yesterday’s rally.  All 3 major indices closed sharply higher after the damages from Hurricane Irma seems to be much less than expected and geopolitical concerns out of North Korea eased.  Investors will be looking ahead to Apple’s much expected conference where they are expected to introduce the iPhone X.  Markets in Asia closed mostly higher led by the Nikkei.  European markets are trading mixed with the DAX and the CAC trading higher while the FTSE is down.

 

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44 Hits

United Asset Strategies is On Board to Help Raise Funds for Hurricane Irma Through Tim Duncan's U.S. Virgin Island Relief Mission

United Asset Strategies is onboard to help raise funds for Hurricane Irma through Tim Duncan’s U.S. Virgin Island Relief Mission.

 Lee DeLorenzo, CFP®, CPWA®, President of United Asset Strategies, Inc. (UASI), a wealth management firm based in Garden City, NY, has pledged to raise funds for Spurs legend Duncan’s Virgin Island Relief Fund.  DeLorenzo will match donations from UASI employees who donate money to this worthy cause.

 “I’ll never forget the long-lasting effects from Hurricane Hugo on my friends and business associates on St. Croix and it is very concerning to know there will be so much suffering coming for the US Territories over the coming months” says DeLorenzo.  She continued, “When I first saw the news about Tim Duncan’s “Don’t Forget About the Islands” efforts on the news, I knew this was a mission I wanted to join!”

  According to reports online, Duncan said he was donating $250,000 to the storm relief efforts in the islands and pledged to match other donations up to $1 million.  The U.S. Virgin Islands, Duncan’s birthplace and where he grew up, was so badly damaged by the Category 5 storm that Duncan took to The Player’s Tribune to ask for help.  Duncan set up the relief fund at https://www.youcaring.com/21usvirginislandrelieffund-942738.

 For more information about Lee DeLorenzo, CFP®, CPWA® and UASI, please call 516-222-0021 or visit www.unitedasset.com.

 

 

 

 

 

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65 Hits

US Futures are Higher This Morning as Damage From Hurricane Irma Seems to be Much Less Thank Initially Expected

US futures are higher this morning as damage from Hurricane Irma seem to be much less than initially expected.  While the damage from Irma is still significant, it was just downgraded to a Category 1 storm and the damage was significantly less than some had expected.  No major economic data is due out today.  Markets in Asia closed higher led by the Nikkei.  European markets are trading higher led by the DAX.

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24 Hits

US Futures are Lower This Morning Ahead of the Weekend as Investors are Cautious with Hurricane Irma Moving Towards the US

US futures are lower this morning ahead of the weekend as investors are cautious with Hurricane Irma moving towards the US.  Irma has already caused damage to a few of the Caribbean islands and it is on track to hit Florida over the weekend.  No major economic data was released this morning.  Later today we will get data for wholesale trade and consumer credit.  Markets in Asia closed mostly lower led by the Nikkei and European markets are trading mostly lower led by the FTSE.

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30 Hits

US Futures are Slightly Higher Despite Higher Weekly Jobless Claims

US futures are slightly higher despite higher weekly jobless claims.  The Labor Department reported that initial jobless claims rose 62,000 last week, well above consensus estimates.  This is the first report that includes some of the effects of Hurricane Harvey.  Also from the Labor Department, Q2 productivity was stronger than expected, rising at an annual rate of 1.5%.  European shares are higher as the ECB has left rates unchanged and commented that the outlook for growth and inflation remains unchanged.  Asian shares closed mostly higher.

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32 Hits

US Futures are Higher This Morning as Markets Look to Rebound From Yesterday's Sell-Off

US futures are higher this morning as markets look to rebound from yesterday’s sell-off.  Markets closed down sharply yesterday as investors sold off financial stocks with US treasuries rising.  Geopolitical fears out of North Korea continue to loom over markets after the North Korean regime fired  more nuclear tests over the weekend.  In US economic data, the US trade deficit came in at $43.7 billion compared to estimates of $44.7 billion.  Later today we will get data for PMI services and ISM nonmanufacturing.  Markets in Asia closed mostly lower led by the Hang Seng and European markets are trading mostly higher led by the DAX.

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36 Hits

US Futures are Lower This Morning as Geopolitical Concerns Increased

US futures are lower this morning as geopolitical concerns increased following North Korea’s latest nuclear test. North Korea said it conducted its most power nuclear test to date this past Sunday. They will look to launch a new intercontinental ballistic missile as soon as this Saturday to celebrate the country’s founding day. Asian markets closed mixed as a better than expected Caixin PMI was met with heightened tensions with North Korea. Markets in Europe are trading mostly lower led by the FTSE. Later today, data for factory orders will be released.

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33 Hits

US Futures Are Higher This Morning Despite a Worse Than Expected Jobs Report

US futures are higher this morning despite a worse than expected jobs report.  The US added 156,000 jobs compared to estimates of 180,000 and the unemployment rate came in at 4.4%.  Later this morning we will get data for manufacturing PMI, manufacturing ISM and consumer sentiment.  Markets in Asia closed mostly higher led by the Nikkei and European markets are trading higher led by the CAC.

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41 Hits

US Futures are Lower This Morning Following North Korea’s Missile Launch Over Japan

US futures are lower this morning following North Korea’s missile launch over Japan.  Geopolitical tensions rose in the Asian region after a missile fired by North Korea flew over Japan.  Global markets fell on this news and safe havens rose as Gold and US Treasuries are higher.  Investors are also still weighing the impact of Hurricane Harvey which continues to pour rain over the southern Texas region.  In economic data, the S&P/Case Shiller 20 city index rose 5.8% annual gain compared to estimates of a 5.7% gain.  Later today we will get consumer confidence data.  Markets in Asia closed mostly lower and European markets are trading down sharply.

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35 Hits

US Futures Are Slightly Higher This Morning as Investors Weighed the Effects of Hurricane Harvey

US futures are slightly higher this morning as investors weighed the effects of Hurricane Harvey.  Investors will turn their attention to refineries as the damage from the storm caused some refineries to close down in the region.  In economic data, the Commerce Department showed the trade gap in goods widened by 1.8% to $65.1 billion in July.  Markets in Europe are trading mostly flat and Asian markets closed higher led by the Shanghai index.

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41 Hits

US Futures are Higher This Morning as Investors Await Comments out of Jackson Hole

US futures are higher this morning as investors await comments out of Jackson Hole.  ECB President Draghi and Fed Chair Yellen are expected to speak later today from the monetary policy symposium.  In economic data, durable goods fell 6.8% last month compared to estimates of a 6% drop.  This drop is the most in 3 years as transportation equipment fell sharply.  Markets in Asia closed higher with the Shanghai index leading the way.  European markets are trading higher with the FTSE leading the way.  

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46 Hits

US Futures are Higher This Morning as the Economic Policy Symposium at Jackson Hole Begins

US futures are higher this morning as the Economic Policy Symposium at Jackson Hole begins.  Investors will be looking ahead to speeches from ECB President Mario Draghi and Fed Chair Janet Yellen.  In economic data, weekly jobless claims came in at 234,000 compared to estimates of 238,000.  Markets in Europe are trading higher with the FTSE leading the way.  Asian markets closed mixed with the Shanghai lower while the Hang Seng closed higher.  

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44 Hits

US Futures are Lower This Morning After Trump's Comments About a Government Shutdown

US futures are lower this morning after Trump’s comments about a government shutdown.  President Trump threatened a potential government shutdown if needed to fund the border wall which he promised during his campaign.  These comments come a couple of weeks after the President’s controversial comments following the protests in Charlottesville.  Economic data due out later this morning include new home sales and the flash US composite PMI.  Markets in Asia closed flat to slightly higher as hopes of tax reform in the US gave investors in the region optimism.  European markets are trading lower as they track the US futures.

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79 Hits

US Futures are Higher This Morning as They Track Global Markets Higher

US futures are higher this morning as they track global markets higher.  Markets in Asia closed higher led by the Hang Seng and European markets are trading higher led by the DAX.  US economic data due out today includes the FHFA Housing Price Index and the Richmond Fed manufacturing survey.  Investors will be looking ahead to the Fed’s Economic Policy Symposium at Jackson Hole which begins later this week.     

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47 Hits

US Futures are Slightly Lower This Morning as Political Uncertainty in the US Continues to Weigh on Markets

US futures are slightly lower this morning as political uncertainty in the US continues to weigh on markets.  Oil prices are trading slightly lower after a recent run up.  No major economic data is set to be released today.  Markets in Asia closed mostly higher led by the Shanghai index.  European markets are trading slightly lower with the DAX leading the way lower.  

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36 Hits

US Futures are Mixed This Morning as Markets Look to Bounce Back from Yesterday's Sharp Selloff

US futures are mixed this morning as markets look to bounce back from yesterday’s sharp selloff.  All 3 major indices were down sharply in trading yesterday as investors weighed the impact of President Trump’s statements following the incident at Charlottesville.  The terrorist attacks in Spain also added to pessimism with at least 13 people dead and many more injured.  Markets in Asia closed mostly lower with the Nikkei leading the way and European markets are trading down with the FTSE leading the way.  Later today we will get economic data for consumer sentiment.

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49 Hits

US Futures are Lower as the Market Digests the Fed Minutes and Economic Data

US Futures are lower as the market digests the Fed minutes and economic data.  In economic data, July industrial production rose 0.2%, slightly below expectations.  The Labor Department reported that initial claims for unemployment benefits dropped by 12,000 last week to 232,000, below estimates; and the Philadelphia Fed Index came in at 18.9 compared to an estimate of 18.  European shares are lower despite the drop in the Euro following the ECB minutes as concerns of an exchange rate overshoot were expressed.  Asian shares closed mixed as political turmoil slowed the recent dollar rally.

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51 Hits

US Futures are Higher this Morning Ahead of the Fed’s July Meeting Minutes

US futures are higher this morning ahead of the Fed’s July meeting minutes.  In economic data, housing starts for July came in below expectations and mortgage applications rose 0.1% last week.  Earnings season is winding down with Target reporting better than expected earnings before the bell.  Later today we will get earnings from L Brands and Cisco.  Markets in Asia closed mixed with the Shanghai index down slightly while the Hang Seng closed higher.  European markets are trading higher led by the CAC.

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46 Hits

US Futures are Higher this Morning as Tensions with North Korea Eased and Economic Data Came in Better Than Expected

US futures are higher this morning as tensions with North Korea eased and economic data came in better than expected.  North Korea announced they will not launch a missile attack on Guam but warned they may still attack if they are provoked by the US.  In economic data, retail sales came in better than expected and the Empire State manufacturing index rose more than expected.  Markets in Asia closed higher led by the Nikkei and European markets are trading higher led by the CAC as global markets rally following statements out of North Korea.

 

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43 Hits

US Futures are Higher this Morning as they Track Global Markets Higher

US futures are higher this morning as they track global markets higher.  Asian markets closed mostly higher with the Hang Seng leading the way and markets in Europe are trading higher led by the DAX as tensions in North Korea eased.  Markets were down sharply last week as tensions between North Korea and the US rose with North Korea warning the US that they may launch missiles toward Guam, a US territory.  No major economic data is due out today.

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46 Hits

United Asset Strategies - Phone System Problems Today

We are currently experiencing phone difficulties today. To reach us, please email  This email address is being protected from spambots. You need JavaScript enabled to view it. .

We apologize for any inconvenience this may cause.

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50 Hits

US Futures are Lower this Morning as Geopolitical Risks with North Korea Continue to Rise

US futures are lower this morning as geopolitical risks with North Korea continue to rise.  In response to President Trump’s comments of “fire and fury,” North Korea laid out plans to fire missiles towards Guam as a warning as tensions rose between the US and North Korea.  In economic data, weekly jobless claims came in 244,000 compared to estimates of 240,000 and the producer price index came in below expectations.  Markets in Asia closed lower led by the Hang Seng and European markets are trading lower led by the FTSE.           

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46 Hits

US Futures are Lower This Morning as Geopolitical Tensions with North Korea Increased

US futures are lower this morning as geopolitical tensions with North Korea increased.  Global markets sold off after President Trump warned North Korea with the threat of “fire and fury” if they continue to make threats to the US.  Markets in Asia fell led by the Nikkei and European markets are trading sharply lower led by the CAC.  In US economic data, mortgage applications rose by 3 percent last week and productivity in the second quarter came in better than expected.  Later today, we will get wholesale trade data.              

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45 Hits

US Futures are Slightly Lower This Morning as Investors Continue to Focus on Corporate Earnings

US futures are slightly lower this morning as investors continue to focus on corporate earnings.  CVS reported earnings that beat on the top and bottom lines in the premarket.  Investors will look ahead to Disney and Priceline’s earnings after the bell.  In economic data, the NFIB small business optimism index came in at 105.2 compared to estimates of 103.2.  Later this morning we will get the JOLTS jobs data.  Markets in Asia closed mostly higher with the Hang Seng leading the way while European markets are trading lower led by the DAX.

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50 Hits

US Futures are Slightly Higher This Morning as Markets Look to Follow Up on Friday's Strong Jobs Number

US futures are slightly higher this morning as markets look to follow up on Friday’s strong jobs number.  The Dow is looking to continue its run of record closes but will also weigh lower oil prices and geopolitical concerns out of North Korea.  Markets in Asia closed higher led by the Shanghai index as they track the US markets.  European markets are trading mixed as the DAX is lower while the FTSE trades up slightly.

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54 Hits

US Futures Point to a Higher Opening as Today's Jobs Report Beat Expectations

US futures point to a higher opening as today’s jobs report beat expectations.  The US economy added 209,000 jobs last month, expectations were for 183,000.  The unemployment rate changed little at 4.3%.  Banks are catching a bid in the pre-market after the release of the jobs data.  The Financial Select SPDR Fund (XLF) is trading up $0.23 (0.91%) in the pre-market session. 

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67 Hits

US Futures are Flat This Morning as Investors Weighed Economic Data and More Corporate Earnings

US futures are flat this morning as investors weighed economic data and more corporate earnings.  Tesla, Kellogg and AIG are all trading higher in the premarket following better than expected earnings.  In economic data, weekly jobless claims came in at 240,000 compared to estimates of 242,000.  Later today we will get data for Markit PMI and factory orders.  Asian markets closed lower led by the Shanghai index while European markets are trading higher led by the FTSE.  

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57 Hits

US Futures are Higher This Morning on the Back of Better Than Expected Earnings out of Apple

US futures are higher this morning on the back of better than expected earnings out of Apple.  Apple is leading the Dow higher after reporting earnings that beat on the top and bottom line.  The stock is up about 6% in the premarket.  In economic data, the ADP jobs report showed 178,000 private jobs were added compared to estimates of 173,000.  Markets in Asia closed mostly higher led by the Nikkei while European markets are trading lower led by the FTSE.  

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52 Hits

US Futures are Higher This Morning as Investors Remain Focused on Corporate Earnings

US futures are higher this morning as investors remain focused on corporate earnings.  Pfizer reported earlier today with a beat on the bottom line and investors will be looking forward to tonight’s Apple earnings.  Economic data due out later this morning include manufacturing PMI, construction spending and personal income.  Asian markets closed higher led by the Hang Seng as China’s Caixin PMI beat expectations.  Markets in Europe are trading higher led by the DAX.

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55 Hits

US Futures Are Slightly Higher as Earnings Season Continues to Chug Along and Oil Prices Stabilize

US futures are slightly higher as earnings season continues to chug along and oil prices stabilize.  Crude is trading near $50 a barrel while Brent is trading close to $53 a barrel after news of potential US sanctions against Venezuela.  Economic data due out later this morning include the Chicago PMI and pending home sales.  Asian markets closed mostly higher led by the Shanghai index despite weaker than expected PMI data out of China.  Markets in Europe are trading higher led by the FTSE.  

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59 Hits

US Futures are Slightly Lower This Morning Following Second Quarter GDP Data

US futures are slightly lower this morning following second quarter GDP data and as investors weighed more corporate earnings.  US GDP showed the economy grew at a rate of 2.6 percent in the second quarter which met estimates.  In corporate earnings, a miss on the bottom line for Amazon is pressuring the stock premarket.  Other major companies of the S&P 500 that reported include Intel and Exxon with Intel reporting a beat while Exxon missed estimates.  Markets in Asia closed mixed with the Nikkei closing lower while the Shanghai index edged higher.  European markets are trading lower led by the CAC.

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64 Hits

US Futures are Higher This Morning After Better Than Expected Earnings out of a few Major Corporations

US futures are higher this morning after better than expected earnings out of a few major corporations.  Shares of Verizon, Facebook, MasterCard, Procter & Gamble and Gilead are all trading higher in the pre-markets following better than expected earnings.  In economic data, weekly jobless claims came in at 244,000 compared to estimates of 240,000.  Markets in Asia closed mostly higher led by the Hang Seng while European markets are trading lower led by the DAX.

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54 Hits

US Futures are Higher This Morning as Investors Weighed Corporate Earnings

US futures are higher this morning as investors weighed corporate earnings.  Strong earnings out of Coca Cola and Boeing will help boost markets.  The Fed’s two day meeting ends today and investors await the Fed’s decision on interest rates and the unwinding of the balance sheet.  Markets in Asia closed higher led by the Nikkei and European markets are trading higher led by the CAC.   

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52 Hits

US Futures are Higher This Morning as Investors Look to Corporate Earnings for Direction

US futures are higher this morning as investors look to corporate earnings for direction.  Caterpillar reported earnings that beat on the top and bottom lines and shares are up sharply in the premarket, giving the Dow a boost.  Other earnings released include Alphabet, MMM and McDonalds which all beat analysts’ estimates.  In economic data, the Case-Shiller Home Price index rose just 5.5% which is below estimates.  Later today we will get consumer confidence data.  Markets in Asia closed mostly lower led by the Shanghai index while European markets are trading higher led by the CAC.  

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50 Hits

US Futures are Slightly Lower Ahead of Economic Data and After the IMF Lowered Their US GDP Forcast

US futures are slightly lower ahead of economic data and after the IMF lowered their US GDP forecast.  The IMF now sees 2017 US GDP at 2.1% from a prior 2.3% and 2018 to come in at 2.1% from 2.5%.  Later this morning, we will be getting Flash Composite PMI and existing home sales data.  Most Asian markets closed higher led by the Shanghai and the Hang Seng index.  European markets are trading lower led by the FTSE as automakers lagged.        

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66 Hits

US Futures are Lower This Morning as Earnings Season Chugs Along

US futures are lower this morning as earnings season chugs along.  Major names that reported earnings include General Electric, Honeywell and Schlumberger which all beat on the top and bottom lines.  No major economic data is due out today.  Markets in Asia closed lower led by the Nikkei.  European markets are trading down led by the DAX.

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57 Hits

US Futures are Slightly Higher as Investors Weighed Corporate Earnings, Economic Data and the ECB's Decision to Keep Rates Unchanged

US futures are slightly higher as investors weighed corporate earnings, economic data and the ECB’s decision to keep rates unchanged.  Markets in Europe are trading higher led by the FTSE and the DAX after the ECB left rates unchanged.  Investors will be focused on comments from ECB President Mario Draghi when he speaks later today.  In economic data, the Philly Fed Index fell to 19.5 compared to estimates of 22 while weekly jobless claims came in at 233,000 compared to estimates of 245,000.  Markets in Asia closed higher led by the Nikkei as the yen traded lower after the Bank of Japan lowered their inflation outlook.  

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53 Hits

US Futures are Higher This Morning as Investors Weighed Housing Data and Corporate Earnings

US futures are higher this morning as investors weighed housing data and corporate earnings. Companies reporting major earnings before the bell included Morgan Stanley which reported a beat on the bottom line.  In economic data, housing starts came in at a seasonally adjusted rate of 1.215 million compared to estimates of 1.16 million.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are trading higher led by the FTSE.    

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63 Hits

US Futures are Slightly Lower This Morning as Investors Focus on Earnings for Direction

US futures are slightly lower this morning as investors focus on earnings for direction.  Major bank earnings continued with Bank of America and Goldman Sachs reporting better than expected results.  In economic data, import prices fell 0.2 percent which met expectations.  News that the GOP is giving up on replacing Obamacare now and just looking to repeal it is adding pressure to global markets.  Markets in Asia closed mostly higher led by the Shanghai index.  European markets are trading lower led by the DAX.

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72 Hits

US Futures are Slightly Higher This Morning as Investors Await Corporate Earnings for Direction

US futures are slightly higher this morning as investors await corporate earnings for direction.  About 68 S&P 500 companies will report earnings this week after a few major banks kicked off earnings season on Friday.  In economic data, the New York Fed’s Empire State manufacturing index fell to 9.8 compared to estimates of 15.  Markets in Asia closed mostly lower led by the Shanghai index which closed lower despite better than expected GDP data out of China.  European markets are trading mostly lower led by the DAX.

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62 Hits

US Futures are Trading Mixed This Morning as Investors Weighed Bank Earnings and Economic Data

US futures are trading mixed this morning as investors weighed bank earnings and economic data.  Major banks that reported earlier this morning include Wells Fargo, JP Morgan and Citigroup with all 3 banks beating on the bottom line.   However, Wells Fargo missed on revenues and the other two banks posted a decline in trading revenue.  In economic data, retail sales fell 0.2% compared to estimates of a 0.1% rise and CPI came in flat which is worse than expected.  Oil continues to move higher with crude and Brent trading up slightly.  Markets in Asia closed mostly higher led by the Hang Seng and European markets are trading slightly lower led by the DAX.

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69 Hits

US Futures Are Slightly Higher This Morning Ahead of Fed Chair Yellen’s Second Day Speaking to Congress

US futures are slightly higher this morning ahead of Fed Chair Yellen’s second day speaking to Congress.  Markets rose in the previous session following comments from Yellen which were viewed as dovish.  In economic data, the US producer price index rose 0.1% which is better than expected and weekly jobless claims were slightly higher than expected.  Asian markets closed higher led by the Shanghai index following good trade data out of China.  Markets in Europe are trading mostly higher led by the CAC.

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77 Hits

US Futures are Higher This Morning Following Comments From Fed Chair Yellen

US futures are higher this morning following comments from Fed Chair Yellen.  Yellen said they will likely unwind the Fed’s balance sheet this year while staying dovish on rate hikes despite low inflation.  Futures are also getting a boost from higher oil prices with Brent up about 1.5% and crude up around 2%.  Markets in Asia closed mixed with the Nikkei lower while the Hang Seng closed up.  European markets are trading higher led by the CAC as they track US futures.  

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83 Hits

US Futures are Lower This Morning as Investors Weighed Economic Data

US futures are lower this morning as investors weighed economic data.  The NFIB small business optimism index fell to 103.6 in June after coming in at 104.5 in May.  Other data that will be released today include the JOLTS jobs data and wholesale trade data.  Oil prices are trading slightly lower this morning as oversupply fears continue to linger.  Asian markets closed mostly higher led by the Hang Seng and the Nikkei as the yen traded lower.  Markets in Europe are trading lower led by the FTSE on the back of lower oil prices.

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66 Hits

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