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U.S. Future are Flat After Data #Retail #Manufacturing #Trade

U.S. Future are flat after data. The Commerce Department reported June retail sales rose 0.5%, matching expectations. Retail sales strength was boosted by automobile purchases and May numbers were revised higher from 0.8 to 1.3%.  In other data, the June Empire State Manufacturing survey came in higher than expected at 22.6, pointing to continued strength in manufacturing.  Later this morning, the market will get a look at business inventories from May.  European shares are trading lower as earnings season begins.  On the data front, the euro zone trade surplus fell to 16.9 billion euros in May.  Asian shares closed mostly lower after China reported Q2 GDP growth of 6.7%.  China’s GDP growth was in-line with forecast, but below the 6.8% form Q1.

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19 Hits

U.S. Futures are Trading Near Unchanged as Bank Earnings Take Center Stage #Futures #Banks #Earnings

U.S. Futures are trading near unchanged as bank earnings take center stage.  Before the bell today, the market will get earnings from Citigroup, First Republic Bank, PNC Financial, JP Morgan Chase and Wells Fargo.  On the data front, import and export prices rose less than expected in June.  Later this morning the market will get a preliminary look at consumer sentiment for July.  European shares are trading higher as technology stocks lead the advance.  Asian shares closed mostly higher with Japanese shares leading on strength in technology shares.  China reported that June exports rose slightly more than expected in June, while imports rose less than expected.

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28 Hits

U.S. Futures Bounce Back After China Fails to Announce a Retaliation to Newest Round of Tariffs #China #Tariffs #CPI

U.S. Futures bounce back after China fails to announce a retaliation to newest round of tariffs.  After President Trump announced a proposal of $200b in additional tariffs, China has reiterated that they want to avoid a trade war and has not announced retaliatory tariffs.  In economic data, jobless claims fell to 214k last week from 231k the week prior.  On the inflation front, June CPI rose 0.1% m/m or 2.9% y/y.  Ex-food and energy CPI rose 0.2% m/m and 2.3% y/y.  European shares are higher, with most sectors trading in positive territory.  Asian shares closed higher with China markets leading the advance.

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22 Hits

U.S. Futures are Lower as Trade Tensions Rise #Trade #China #Tariffs

U.S. Futures are lower as trade tensions rise.  Late yesterday, President Trump identified a new list of $200b in Chinese goods that will be subject to a 10% tariff if enacted.  The proposed tariff will go through a review process that is expected to take place in August.  In economic data, the Labor Department reported that producer prices rose more than expected in June, rising 0.3% m/m and 3.4% y/y.  The new proposed tariffs have dragged down global markets.  European shares are trading lower with materials stocks leading lower.  Asian shares closed lower with Chinese markets leading lower.

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25 Hits

U.S. Futures are Higher as Earnings Season Begins #Earnings #SupremeCourt #Jobs

U.S. Futures are higher as earnings season begins.  Stocks are trading higher after PepsiCo kicked-off earnings season with better-than-expected results.  Last night, President Trump nominated Judge Brett Kavanaugh for the Supreme Court position to succeed Justice Anthony Kennedy.  The nomination, if confirmed, would likely move the Supreme Court to a more conservative view on regulatory and environmental issues.  Later this morning the market will get a look at job openings in May, with expectations for a new hi of 6.7m job openings.  European shares are being led higher by energy and commodity names.  Asian shares closed mostly higher led by financial stocks in Japan.  In economic data, China’s consumer prices rose 1.9% yoy, inline with expectations, while producer rose more than expected to 4.7% yoy.
 
 
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28 Hits

U.S. Futures are Higher, Extending Friday’s Gains After a Stronger than Expected Jobs Report #Earnings #Banks

U.S. Futures are higher, extending Friday’s gains after a stronger than expected jobs report.  This week earnings season kicks off with several banks reporting Q2 earnings later in the week.  There is no economic data slated for release today.  European shares are higher with strength in material and technology shares.  Germany reported a stronger than expected exports in May, despite trade concerns.  Asian stocks closed higher, led by Chinese markets.  Basic material stocks and banks led Asian markets higher.

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31 Hits

US Futures are Higher Following Reports that the US will hold off Tariffs on European Cars #Tarriffs #Europe #Autos

US futures are higher this morning following reports that the US will hold off tariffs on European cars in exchange for concessions.  Auto makers are up sharply on this news with GM up over 2 percent and Fiat Chrysler up close to 7 percent.  Markets in Europe are also higher on this news led by the DAX.  Asian markets closed lower led by the Shanghai index as investors there remained cautious ahead of the first set of tariffs from the US which are set to begin Friday.   
 
 
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28 Hits

US Futures are Higher this Morning as Volumes are Expected to be Light on a Shortened Trading day #Futures #FourthofJuly

US futures are higher this morning as volumes are expected to be light on a shortened trading day.  US markets will be closing at 1pm today ahead of the Fourth of July Holiday.  In economic data, we will get factory data for May and light vehicle sales data for June later this morning.  Markets in Asia closed mixed with the Chinese markets bouncing back from earlier losses.  European markets are trading higher on the back of news that Angela Merkel came to an agreement on migration deal.       

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34 Hits

US Futures are Lower this Morning as Trade War Fears Increased #Tariffs #EU #Trump

US futures are lower this morning as trade war fears increased.  In an article from the Financial Times, the US may potentially receive a new round of tariffs worth around $300 billion if the US goes ahead with their levies on automakers in the European Union.  Other trade related news include the Trump administration looking to draft a bill that would allow the President to increase trade tariffs without congressional consent.  Global markets are down on this news with the Shanghai index leading Asia to close lower while the FTSE is currently trading lower along with other European markets.  Later this morning, we will get PMI data and Manufacturing ISM data.

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49 Hits

U.S. Futures are Higher as Bank Shares Rebound #Banks #Fed #Inflation

U.S. Futures are higher as bank shares rebound.  Bank stocks are getting a boost after the Fed stress tests, which will allow most banks to continue to pay dividends and buyback stock.  On the data front, personal income rose more than expected in May, while spending was lower than anticipated.  On the inflation front, core PCE reached the Fed’s target of 2.0% y/y in the May period.  European shares are higher with basic material stocks leading.  Asian shares closed mostly higher with Chinese stocks bouncing back after large declines over the past week.

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35 Hits

U.S. Futures are Lower After Data #Futures #GDP #Jobless

U.S. Futures are lower after data.  The final look at Q1 GDP came in at 2%, vs expectations of 2.2%.  In other data, jobless claims rose 9k last week to 227k.  European shares are lower with German shares leading the decline after stronger-than-expected inflation data.  Asian shares closed mixed with Chinese stocks mixed after entering correction territory.

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37 Hits

U.S. Futures Erase Losses After Headlines #Futures #CIFUS #Oil

U.S. futures erase losses after headlines.  Futures erased losses and turned positive after headlines crossed that the Trump administration would rely on the Committee on Foreign Investment in the United States (CIFUS) to address issues of foreign investment instead of adopting stricter policies.  In economic data, May durable goods fell 0.6%, while core capital goods fell 0.2%.  The trade deficit fell to -$64.8B, below estimates of -$68.8B.  Later this morning the market will get a look at pending home sales from May and crude and gasoline inventories from last week.  European shares are higher, rising with U.S. markets after foreign investment headlines.  Asian shares closed lower with Chinese markets lagging

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37 Hits

U.S. Futures are Slightly Higher as the Trump Administration Disputes Foreign Investment Restriction Reports #Trade #Trump

U.S. Futures are slightly higher as the Trump administration disputes foreign investment restriction reports.  After reports surfaced that the Trump administration would limit investment of foreign countries in the U.S., trade advisor Peter Navarro said the administration had no plans to curb investment by China or any other foreign country in the U.S. The market pared losses after Navarro’s comments yesterday, however, failed to continue higher as the market weighs the mixed messages. Later this morning the market will get home price data from April and June consumer confidence.  European shares are higher after selling-off on Monday.  Asian shares closed mostly lower with China’s Shanghai composite closing in correction territory, now 20% from the 52-week high.

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54 Hits

U.S. Futures are Lower to Start the Trading Week #Futures #Europe #Asia

U.S. Futures are lower to start the trading week.  U.S. stocks are looking to open 0.5% lower, following the lead of foreign markets.  Later this morning, the market will get a read on new home sales from May.  European shares are trading down around 1%, with the automakers continuing to lag on trade concerns.  Asian shares closed lower, with Chinese markets lagging after failing to hold on to early gains.

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49 Hits

US Futures are Higher as the Dow Looks to Break an Eight-Day Losing Streak #PMI #futures

US Futures are higher as the Dow looks to break an eight-day losing streak.  Later this morning the market will get a early look at Purchasing Manager’s Index for June, with expectations of a slight rise to 56.3.  European shares are also higher this morning with most sectors trading higher, but banks are leading the rally.  Asian shares closed mixed with Japanese stocks lagging.  In Japan, auto stocks lagged as trade concerns continue to put pressure on the group.

 

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44 Hits

US Futures Fall After Weaker Data #Futures #Fed #Jobless

US Futures fall after weaker data.  After rebounding early this morning, futures began retreating again after a report from the Philadelphia Fed showed that the business outlook in June was well below forecasts.  In other data, weekly jobless claims came in slightly below forecasts at 218k.  European stocks are falling across the board as Italian banks lag.  Asian shares closed mixed, with Chinese markets lagging, as trade news dominates the headlines.

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39 Hits

US Futures Rise as Investors Shake-Off Trade Tensions #Futures #Trade #Oil

US Futures rise as investors shake-off trade tensions.  Trade concerns rattled the markets on Monday and Tuesday, but futures are rising this morning as investors digest the news.  Later this morning, markets will get a look at existing home sales from May and crude oil and gasoline inventories from last week.  European shares are also higher as basic materials stocks bounce back from yesterday’s rout.  Asian shares closed higher as consumer and technology shares bounce back.

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44 Hits

US Futures are Lower as Trade Disputes Escalate #Futures #Tariffs #China

US Futures are lower as trade disputes escalate. President Trump announced plans to identify an additional $200B of Chinese imports that the U.S. could potentially slap a 10% tariff on. China responded that they would retaliate if the U.S. was to take these additional measures. On the data front, May housing starts rose more than expected, rising 5%, while permits fell more than expected, falling 4.6%. European shares are trading lower on trade concerns with basic material stocks leading lower. Asian shares closed sharply lower with technology shares leading lower.

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39 Hits

US Futures are Lower to Start the Week as Trade Concerns are in Focus #Futures #Trade #Industrials

US Futures are lower to start the week as trade concerns are in focus.  With trade uncertainty, industrial shares in the U.S. are lagging.  Later this morning, the market will get a read on home-builder confidence for June, with expectations for no change this month.  European shares are trading lower, with automobile stocks lagging, as trade tensions continues to dominate the headlines.  Asian shares closed lower with technology shares lagging.

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56 Hits

US Futures are Lower After President Trump Confirmed Tariffs on Chinese Goods #Trump #China #Tariffs

US Futures are lower after President Trump confirmed tariffs on Chinese goods.  President Trump confirmed the levy of 25% tariffs on $50B of Chinese goods beginning in July.  President Trump also confirmed that a second round of tariffs is ready for implementation if China retaliates with tariffs of their own.  On the data front, the June Empire Manufacturing survey came in stronger than expected, pointing to additional strength in the manufacturing sector.  Later this morning the market will get a look at industrial production from May and a preliminary read on consumer sentiment from June.  European shares are mostly lower a day after the ECB confirmed the tapering of their bond purchase program.  Asian shares closed mixed as the markets awaited details on trade tariffs.  The BOJ announced no changes to their policy at this time.

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61 Hits

US Futures are Lower After President Trump Confirmed Tariffs on Chinese Goods #futures #tariffs #ECB

US Futures are lower after President Trump confirmed tariffs on Chinese goods.  President Trump confirmed the levy of 25% tariffs on $50B of Chinese goods beginning in July.  President Trump also confirmed that a second round of tariffs is ready for implementation if China retaliates with tariffs of their own.  On the data front, the June Empire Manufacturing survey came in stronger than expected, pointing to additional strength in the manufacturing sector.  Later this morning the market will get a look at industrial production from May and a preliminary read on consumer sentiment from June.  European shares are mostly lower a day after the ECB confirmed the tapering of their bond purchase program.  Asian shares closed mixed as the markets awaited details on trade tariffs.  The BOJ announced no changes to their policy at this time.

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52 Hits

Global Stocks Bounce After ECB Policy Statement #ECB #FOMC #Inflation

Global stocks bounce after ECB policy statement.  Yesterday, U.S. stock lost ground after the FOMC policy statement.  As expected, the FOMC raised the federal funds rate by 0.25% on a 8-0 vote.  The language coming out of the meeting was a bit more hawkish than expected and the 2018 Dot Plots show that two more rate hikes are expected this year.  Lastly, Fed Chairman Powell stated that beginning next year, the chairman will hold a press conference after every meeting.  In economic data, claims fell to 218K last week, lower than expected.  May retail sales rose more than expected, rising 0.8% m/m and 0.9% ex-auto.  On the inflation front, Import and export prices both rose more than expected in May, rising 0.6%.  Today, futures gained traction after the ECB policy statement.  The ECB announced that policy rates remain unchanged, however, they will reduce bond purchases from the current 30B euro to 15B euro in October and then to zero come January on 2019.  While net new purchases will end, the ECB will continue to reinvest the principal from maturing securities that were purchased under the current asset purchase program.  Asian shares closed lower following the retreat in U.S. equities after the Fed raised rates 0.25%.  In economic data, Chinese industrial production, retail sales and fixed investment were all lower than expectations in May.

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45 Hits

US Futures Pare Gains After Hotter Producer Price Report #Futures #ProducerPrice #FOMC

US Futures pare gains after hotter producer price report.  Producer prices rose 0.3% m/m and 3.1% y/y, both higher than estimates.  Producer prices excluding food and energy rose 0.3% m/m and 2.4% y/y, also both higher than estimates.  Later this morning the market will get the latest read on crude and gasoline inventories.  At 2:00pm, the much anticipated FOMC policy announcement will be released with the market expecting a 0.25% raise in the range to a new range of 1.75-2.00%.  The announcement will be followed by a 2:30pm press conference by Fed Chairman Jerome Powell.  European shares are mostly higher despite a weaker than expected euro-area industrial production numbers from April.  Asian shares closed mostly lower with financials and material stocks lagging, while utilities outperformed.

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44 Hits

US Futures get a Slight Bump Higher After Data #CPI #TrumpKimSummit #TreasuryBudget

US Futures get a slight bump higher after data.  The May consumer price index was in-line with expectations according to the most recent data from the Bureau of Labor Statistics.  May inflation data showed prices rose 0.2% m/m and 2.8% y/y, as expected.  Core CPI was also in-line with expectations, rising 0.2% m/m and 2.2% y/y.  In political news, President Trump and North Korean leader Kim Jong Un made history with a face-to-face meeting last night in Singapore.  The meeting went well and the two leaders signed a vague agreement to further build relations between the two countries and move toward denuclearization of North Korea.  Later today the government will release data on the Treasury budget from May, with expectations of a $144B deficit for the month.  European shares are mostly lower, failing to hold on to earlier gains, as financials and material stocks lag.  Asian shares closed mostly higher as the historic meeting between President Trump and North Korean leader Kim Jong Un seemed to go well with hope for future progress.

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48 Hits

United Asset Strategies, Inc. is pleased to announce Lee DeLorenzo is included in Barron's 100 Top Women Advisors for her 9th consecutive year #Barron’s #WomenAdvisors #9years

Lee DeLorenzo, President of United Asset Strategies, Inc. has been named to this year’s Barron’s 100 Top Women Advisors across America list.  Lee was ranked 88th in this year’s list improving upon last year’s ranking of 95th.  Importantly, while there were 15 new advisors added to this year’s list, Lee has made the list each of the past 9 years, a stellar achievement.  
 
To compile this list, Barron’s researched, interviewed and assigned a nationwide ranking to each nominee.  Barron’s rankings reflect the volume of assets overseen by the advisors, quality of the advisors’ practices and revenues generated for the firm.
 
For the complete list and more, please visit https://www.barrons.com/articles/top-100-women-financial-advisors-1528470203
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56 Hits

US Futures are Nearly Unchanged Ahead of a Busy Week for Global Policy #Futures #FederalReserve #NorthKorea

US Futures are nearly unchanged ahead of a busy week for global policy.  This week will feature policy updates from the U.S. Federal Reserve, the ECB and the Bank of Japan.  In additional to central bank policy, President Trump will be meeting with North Korean leader Kim Jong Un on Tuesday in Singapore, in a long-awaited meeting to discuss the denuclearization of North Korea.  European shares are higher with financial stocks leading higher.  Asian shares closed mostly higher, erasing earlier losses, as investors remain cautious ahead of a big week for global markets.

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53 Hits

US Futures are Lower as Investors take Caution Heading into the Weekend #Futures #Trump #Tariffs

US Futures are lower as investors take caution heading into the weekend.  The G-7 Summit is taking place in Quebec, Canada beginning today.  President Trump says he plans to leave early and has sparked controversy with his latest tweets regarding France and Canada’s tariffs.  European shares are mixed, however, Germany lagged on disappointing industrial production data from April.  Asian shares closed lower with technology shares leading lower.

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52 Hits

US Futures are Slightly Higher as Jobless Claims Fall #Jobs #ZTE #China

US Futures are slightly higher as jobless claims fall.  First time claims for unemployment insurance fell to 222k last week, lower than expectations of 225k.  In other news, Commerce Secretary Wilbur Ross told CNBC this morning that the U.S. has officially struck a deal to end sanctions against Chinese telecom giant ZTE.  The deal negations on ZTE have been viewed as a bargaining chip in the greater trade discussion.  European shares are higher despite discussions of how and when to end QE in the euro area.  German industrial production fell 2.5% in April, more than expected.  Asian shares closed mostly higher with Japan’s Nikkei leading the gains.

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55 Hits

US Futures are Higher, but have Pared Gains After Weaker Data #Futures #Inflation #Oil

US Futures are higher, but have pared gains after weaker data.  The second look at Q1 productivity came in lighter than expected, showing a rise of 0.4% annualized rate, below the first look at 0.7%.  On the inflation side, the second estimate for unit labor costs ticked up to 2.9% from 2.8%.  Later this morning the market will get the most recent inventory data for crude and gasoline.  European shares are mostly higher with most sectors trading in positive territory.  Asian shares closed higher as technology shares led gains.

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47 Hits

US Futures are Trading Near Unchanged After Back-to-Back Gains #Futures #Nasdaq #Technology

US Futures are trading near unchanged after back-to-back gains. Yesterday, the Nasdaq composite index made a new all-time closing high as technology shares continue to lead higher. Later this morning, the market will get a look at the ISM non-manufacturing index from May and job openings from April. European shares have bounced from earlier losses as technology shares rebound, despite a weaker than expected euro area PMI report. Asian shares closed mostly higher despite weaker energy related names.

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52 Hits

US Futures are Higher as Stocks Look to Extend Friday’s Gains #Futures #Jobs #Europe

US Futures are higher as stocks look to extend Friday’s gains.  Markets gained on Friday after a stronger than expected May jobs report.  Later this morning, markets will get a look at factory orders from April, with analysts expecting a drop of 0.4%.  European shares are higher with most sectors trading higher as M&A talks heat-up in the financial sector.  Asian shares closed broadly higher with China’s Hang Seng leading higher.

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23 Hits

US Futures are Higher After Strong Jobs Data #Futures #Unemployment #Manufacturing

US Futures are higher after strong jobs data. The US economy added more jobs than expected in May, adding 223k jobs and the unemployment rate dropping to 3.8%. Later this morning the market will get a final look at May PMI, May ISM manufacturing index and construction spending from April. European shares are higher as Italy agreed on a coalition government. European banks are leading higher with Italian banks surging. Asian shares closed mixed as investors take caution over trade concerns.

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59 Hits

US Futures are Flat After Data #Futures #HomeSales #Income

US Futures are flat after data.  Jobless claims from last week were slightly below expectations at 221K.  In April, personal income matched expectations, while spending rose greater than expected.  On the inflation front, PCE was reported inline with expectations.  Later this morning the market will get a look at Chicago PMI from May, pending home sales from April and oil and gas inventories from last week.  European shares are mostly higher, however, automaker stocks lagged as fears that President Trump could block German cars from the U.S..  Asian shares closed higher after rebounding from Wednesday’s decline.

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67 Hits

US Futures Remain Higher After Jobs and GDP Data #Payrolls #Jobsday #GDP

US Futures remain higher after jobs and GDP data.  ADP reported that private payrolls increased by 178K in May, below expectations of 187k. A second look a Q1 GDP was slightly lower than the first look, with a 0.1% revision lower to 2.2%. Later this afternoon, the Fed’s Beige Book will provide an update to the economic conditions in the 12 Federal Reserve districts. European shares are mostly higher as markets get some relief form the recent sell-off in Italian bonds.  Euro area sentiment fell slightly in May from 112.7 to 112.5. Asian shares closed lower after playing catch-up to the U.S. and Europe from the previous session. Greater China lagged the most with financial stocks underperforming

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54 Hits

US Futures are Lower as Global Markets Retrace #Bonds #Italy #Europe

US Futures are lower as global markets retrace.  Global markets are trading lower as the markets question whether Italy can form a ruling coalition government and restore political order in the country.  Italian bond yields are surging as investors look for safety in US and German government bonds.  Later this morning in the U.S., markets will get a look at home prices from March and May consumer confidence.  European shares are solidly negative with Italian and Spanish stocks down nearly 3%.  Asian stocks closed mostly lower as European political turmoil takes center stage.

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57 Hits

US Futures are Lower on Low Volume Going into the Holiday Weekend #Futures #NorthKoreaSummit #MemorialDayWeekend

US Futures are lower on low volume going into the holiday weekend.  Trading will likely be light today as traders get a head-start on the weekend.  U.S. markets are closed on Monday in observance of Memorial day.  In economic data, April durable good were lower than expected, with new orders falling 1.7%.  Later thins morning the market will get a final read on May consumer sentiment.  European shares are higher on strong earnings.  Most sectors are trading in positive territory.  Asian shares closed mostly lower after President Trump announced plans to cancel a scheduled summit with North Korea President Kim Jong Un.

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65 Hits

Lee DeLorenzo Featured in Barron's "Secrets of Success: Lee DeLorenzo"

United Asset Strategies, Inc. is pleased to announce Barron’s profile on Lee DeLorenzo in “Secrets of Success: Lee DeLorenzo”. She is the first to be covered in the “Secrets of Success” series that aims to share insights and successes from some of the best advisors in the business. Lee DeLorenzo shares her expertise on hot button topics and explains how she protects assets from market volatility.  

Please click on the link for the article:

https://www.barrons.com/amp/articles/secrets-of-success-lee-delorenzo-1527017097

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31 Hits

US Futures are Lower After Data #Future #Unemployment #Imports

US Futures are lower after data.  The Labor Department said initial claims for unemployment claims rose 11k last week to 234k, slightly above estimates.  Later this morning the market will get a look at existing home sales from April which is expected to be unchanged at an annualized rate of 5.6M.  President Trump announced the Department of Commerce has opened an investigation into automobile imports.  The news of the investigation gave a lift to U.S. automakers in pre-market trading.  European shares are mostly lower with automobile stocks leading the losses and technology shares outperforming.  Asian shares closed mostly lower with Japan’s Nikkei leading the losses as auto stocks underperformed.

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65 Hits

US Futures are Lower as Global Markets Retreat #Futures #Oil #LOW #TGT

US Futures are lower as global markets retreat.  In the U.S., disappointing earnings from retailers Target and Lowe’s dragged down retail stocks.  Market-moving data to be released later this morning include an early look at May PMI, crude and gasoline inventories from last week, April new home sales and the minutes from the May FOMC meeting.  European shares are being led lower by Italy as political tensions have caused Italian Government bonds to fall.  Asian shares closed mostly lower as trade talks continue to dominate the headlines.

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67 Hits

US Futures are Higher as China Trade Discussions Advance #Futures #China #Trade

US Futures are higher as China trade discussions advance.  US futures rose after President Trump announced the U.S. would lift a ban on American companies selling to Chinese telecommunications company ZTE.  This news comes as China agreed to lower the tariffs on imported automobiles from 25% to 15%.  European shares are higher with most sectors trading higher and automobile shares leading higher.  Asian shares closed mixed with Chinese exchanges getting a late rally to turn positive.

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69 Hits

US Futures are Higher as the U.S. Suspends Tariffs While Trade Talks Progress #Futures #China #Trade

US Futures are higher as the U.S. suspends tariffs while trade talks progress. Treasury Secretary Steven Mnuchin said that progress has been made with Chinese trade discussions and the U.S. has agreed to halt tariffs while discussions continue. U.S. industries that stand to benefit from recent discussions are agriculture and energy firms as China may begin importing more of these products from the U.S. European shares are mostly higher with Italy lagging on continues political tension. German markets are closed for public holiday. Asian shares closed mostly higher as China/U.S. trade negotiations move forward.

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70 Hits

US Futures are Hovering Near Unchanged #futures #trade

US Futures are hovering near unchanged.  Futures have lost steam over the last hour, with only the DJIA futures now in positive territory.  Skepticism that a trade deal can be reached between the U.S. and China has weighed on the markets after the second round of negotiations yesterday.  There is no scheduled economic data for release today.  European shares are trading lower with telecom stocks leading to the downside.  Despite today’s market performance, European shares are looking to record their eight straight week of gains.  Asian shares closed mostly higher despite concerns over trade.

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70 Hits

US Futures are Flat as Yields Rise and Softer Housing Data #Futures #Treasury #Housing #Oil

US Futures are flat as yields rise and softer housing data.  US markets retreated yesterday after the 10 yr Treasury broke firmly above 3%.  This morning, the Commerce Department reported that housing starts fell more than expected in April, dropping 3.7%.  Building permits also fell in April, dropping 1.8%.   Later this morning the market will get a look at April industrial production and crude oil and gasoline inventories from last week.  European shares are mixed after a tame inflation report in Germany.  Sector performance was mixed, however, materials stocks led gains.  Asian shares closed mostly lower as geopolitical uncertainty resurfaced as North Korea called off talks with the south.

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83 Hits

US Futures are Lower After Data #Futures #Manufacturing #Retail #Homebuilder

US Futures are lower after data.  The Commerce Department reported that retail sales rose 0.3% in April, matching economists forecasts.  When automobiles and gasoline are removed, retail sales were slightly below estimates.  The Empire manufacturing index rose more than expected in May, rising to 20.1, higher than the 15.5 consensus estimate.  Later this morning the market will get a look at business inventories from March and a read on homebuilder confidence in May.  European shares are higher with most sectors positive, however, telecommunications stocks are lagging.  Asian shares closed mostly lower with financials and technology shares underperforming.

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81 Hits

US Futures are Higher Following a Strong Week for the Major Indices #Futures #SPX #DJIA

US futures are higher following a strong week for the major indices. US stocks advanced approximately 2.5% last week, moving the S&P 500 and DJIA back into positive territory year-to-date.  There is no scheduled economic data for release today.  European shares are lower with energy stocks retreating.  Asian shares closed mostly higher with trade talks in focus, following positive comments from President Trump over the weekend.

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79 Hits

US Futures are Slightly Higher to End a Strong Week for the Major Indices #Futures #SPX #Stocks

US Futures are slightly higher to end a strong week for the major indices.  The S&P 500 rallied over 2% this week through Thursday, breaking short-term downtrend resistance levels.  On the data front, April import prices rose less than expected, rising 0.3% last month.  In contrast, export prices rose more than expected, rising 0.6% last month.  At 10am, the market will get a preliminary read on May consumer confidence.  European shares are mixed with material stocks leading higher.  Asian shares closed mostly higher with technology and financial shares leading the gains.

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88 Hits

US Futures are Higher as April Inflation was Below Expectations #Inflation #CPI #TreasuryBudget

US Futures are higher as April inflation was below expectations.  April consumer price index show prices rose 0.2% m/m and 2.5% y/y.  When excluding food and energy, prices were up 0.1% m/m and 2.1% y/y.  Jobless claims were unchanged last week at 211K, but below expectations of a rise to 220k.  Later this afternoon the Treasury will release their latest budget information which is expected to show an $88B surplus due to high tax receipts in April.  European shares are mixed with weakness in telecommunications stocks.  Earlier, the BOE left interest rates unchanged as expected.  Asian markets closed higher as energy shares continue to lead markets higher. 

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83 Hits

United Asset Strategies Makes Forbes' Top Women Wealth Advisors

United Asset Strategies, Inc. is pleased to announce it has been named to this year's Forbes' Top Women Wealth Advisors list. The list spotlights over 250 standout financial strategists across the country. To compile this list Forbes researched, interviewed and assigned a nationwide ranking to each nominee. United was ranked in the top 25% of advisors on this nationwide list.

Please click on the link for the article:
https://www.forbes.com/top-women-advisors/

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US Futures are Higher a Day After President Trump Announced the Withdrawal From the Iran Nuclear Deal #IranDeal #PPI #Futures

US Futures are higher a day after President Trump announced the withdrawal from the Iran nuclear deal.  Energy stocks are leading the pre-market advance as crude oil prices are rising.  At 10:30am, the energy markets will get the latest read on crude and gasoline inventories from last week.  Earlier this morning the Bureau of Labor Statistics reported that the PPI rose less than expected in April, rising by 0.1% m/m.  When food and energy are excluded, PPI rose 0.2% m/m, in-line with forecasts.  European shares are mixed with energy stocks leading outperforming.  Asian shares closed mixed as markets tried understand the ramifications of the U.S. withdrawal from the Iran nuclear deal and potential effects to the energy markets.

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US Futures are Lower Ahead of President Trump's Decision on the International Nuclear Agreement #futures #oil

US Futures are lower ahead of President Trump’s decision on the international nuclear agreement.  Later this afternoon, President Trump is expected to announce a decision to withdraw from the Iran Nuclear deal that was negotiated between Iran and the U.S., China, France, Germany, Russia and the U.K..  A withdrawal from this agreement would open Iran to U.S. sanctions and likely curb Iran’s oil exports, with the potential to withdraw up to 500,000 barrels/day from the market.  European shares are lower as energy shares lag ahead.  Asian shares closed mostly higher with strength in technology shares.

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