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US Futures are Higher as Energy Stocks Gain on Higher Oil Prices #futures #oil #earnings

US Futures are higher as energy stocks gain on higher oil prices.  Crude oil is trading above $70/barrel for the first time since late 2014, giving energy stocks a boost.  On the earnings front, earnings season is winding down with more than 85% of S&P 500 companies having reported earnings already.  European shares are trading higher with technology stock leading the way.  Asian shares closed mixed as trade concerns remain in focus.

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US Futures Fall After Employment Data #futures #jobsday #payrolls

US Futures fall after employment data.  Non-farm payrolls rose less than expected in April, rising 164K.  The labor force participation rate fell to 62.8% and the unemployment rate dropped to 3.9%.  Wage inflation was lower than expected with average hourly earnings gaining 0.1% m/m and 2.6% y/y, both less than expected.  European shares are mostly higher with material stocks leading the gains.  Asian shares closed mostly lower as markets get impatient awaiting developments in the U.S. and China trade talks.

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US Futures are Lower as Trade Talks are in Focus #trade #inflation #futures

US Futures are lower as trade talks are in focus.  As the US and China are preparing to meet to discuss trade, the Trump administration is considering restricting Chinese telecommunications companies from selling to the U.S..   In economic data, jobless claims were lower than expected at 211k last week.  First quarter unit labor costs and productivity were both lower than expected at 2.7% and 0.7%, respectively.  The trade balance narrowed again in March to a deficit of $49B, vs estimates of $49.9B.  European shares are trading lower as eurozone inflation declined in April.  Asian shares closed mixed as technology shares underperformed.

 

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US Futures are Mixed Ahead of FOMC Rate Decision #earnings #futures $FOMC

US Futures are mixed ahead of FOMC rate decision.  At 2pm the FOMC is expected to leave rates unchanged and the market will be looking for clues on inflation expectations and the future path of rate hikes.  ADP reported that private payrolls grew by 204k in April, higher then expected.  Later this morning the market will get a look at crude and gasoline inventories from last week.  European shares are higher on earnings news, shrugging off lower than expected euro zone manufacturing PMI.  Asian shares closed mostly lower, however, casino stocks outperformed on higher revenues.

 

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US Futures are Flat on Mixed Earnings Results #earnings #PMI #tariff

US futures are flat on mixed earnings results.  Better than expected reports from several healthcare companies failed to lift markets as investors have not been impressed with recent strong earnings data.  President Trump announced he will delay tariffs on metal imports from Europe, Canada and Mexico for one month and granted a permanent exemption for Argentina, Australia and Brazil.  Later this morning the market will get a look at the PMI manufacturing index and ISM manufacturing index from April as well as March construction spending.  European shares are trading higher on strong earnings data.  Asian shares closed higher, however, several Asian markets were closed today for holiday.

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