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US Futures are Slightly Lower Ahead of Key Economic Data

US futures are slightly lower ahead of key economic data.  Later this morning we will get manufacturing PMI, services PMI and new home sales.  Investors will also be waiting to hear what a few Fed speakers say about the economy and the Fed’s monetary policy.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are trading lower following euro zone PMI which shows slower growth in the region.  

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US Futures are Slightly Lower as Investors Remain Cautious with Oil Prices Hovering Around Recent Lows

US futures are slightly lower as investors remain cautious with oil prices hovering around recent lows.  Oil is up slightly in early morning trade but the recent correction has many investors concerned over growth and inflation numbers.  In economic data, weekly jobless claims came in at 241,000 compared to estimates of 240,000.  Markets in Asia closed lower led by the Shanghai index as lower oil prices pressured markets there.  European markets are trading lower led by the FTSE.

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31 Hits

US Futures are Slightly Lower This Morning as Investors Grew More Concerned About Lower Oil Prices

US futures are slightly lower this morning as investors grew more concerned about lower oil prices.  All 3 major US indices fell yesterday as oil fell, going into correction territory following yesterday’s 2 % drop.  Crude is trading around $43.50 and Brent is right around $46.00 a barrel.  In economic data, mortgage applications rose 0.6 percent and later today we will get data for existing home sales.  Markets in Asia closed mostly lower on the fall in oil prices except for the Shanghai index which closed higher after MSCI decided to add China A shares to its benchmark emerging market index.  European markets are trading lower led by the CAC.

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32 Hits

US Futures are Slightly Lower This Morning After Yesterday’s Rally led by the Tech Sector

US futures are slightly lower this morning after yesterday’s rally led by the tech sector.  No major economic data is due to be released today but lower oil prices continue to pressure markets.  Later today we will get speeches out of a few Fed members which may give investors clues as to where the Fed stands in terms of policy.  Investors will also look ahead to House Speaker Ryan’s speech on tax reform which is set for 12:45 pm today.  Markets in Asia closed mostly higher with the Nikkei leading the way up.  European markets are trading flat to lower on lower oil prices.

 

 

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24 Hits

US Futures are Slightly Higher This Morning as They Track the Move in Global Markets

US futures are slightly higher this morning as they track the move in global markets.  Markets in Europe are trading higher on the back of news that French President Macron won a majority of the seats in the National Assembly over the weekend.  The CAC and the DAX are both trading up about 1 percent on the back of this news.  Asian markets closed higher led by the Hang Seng.  No major economic data is due out in the US today and investors will look ahead to speeches from Fed officials. 

 

 

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