US Futures are Higher to Close-Out April on Earnings and Merger News #earnings #futures $PCE

US Futures are higher to close-out April on earnings and merger news.  Strong earnings from McDonalds and T-mobile agreeing to buy Sprint has helped lift markets.  In addition to the T-mobile deal, Marathon Petroleum has agreed to buy Andeavor, Prologis has agreed to purchase DCT Industrial Trust and Marriott Vacations will buy ILG.  On the data front, personal income and outlays for April were reported mostly inline with expectations.  Later this morning the market will get a look at Chicago PMI from April and pending home sales from March.  European shares are mixed after weaker than expected retail sales data in Germany.  Asian shares closed higher on the final day of the month with financial stocks leading higher.

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US Futures are Mixed After Earnings and Economic Data #earnings #economics #futures

US futures are mixed after earnings and economic data.  The Nasdaq futures are higher as better than expected earnings from Amazon, Microsoft and Intel helped lift stocks.  The first look at Q1 GDP was higher than expected, rising 2.3%.  The employment cost index rose slightly more than expected, rising 0.8% in the first quarter.  European stocks are trading mostly higher with technology stocks leading the gains.  Asian shares closed higher, led by China’s Hang Seng index.

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US Futures are Higher After Strong Earnings #earnings #economics #futures

US Futures are higher after strong earnings.  Better than expected earnings from UPS, American Airlines, Pepsi and ConocoPhillips have helped lift markets.  On the data front, March headline durable goods was stronger than expected, however, core capital goods actually declined by 0.1% vs expectations of a 0.6% gain.  Weekly jobless claims were better than expected at 209k vs expectations of 230k.  The March trade deficit dropped much more than expected to -$68B vs expectations of -$74.5B.  European shares are trading higher, however, technology shares are lagging.  The ECB held interest rates unchanged at their latest policy decision announcement this morning.  ECB President Mario Draghi began his press conference at 8:30am ET to discuss the decision.  Asian shares closed mixed with financial stocks leading declines.

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US Futures Pare Losses After Strong Earnings #earnings #bonds #futures

US Futures pare losses after strong earnings.  Strong earnings from Boeing helped reverse early losses this morning, with markets now trading only mildly lower.  Treasury yields have remained stubbornly high with the 10 year holding the 3% level overnight.  At 10:30am, the EIA will release the latest crude oil and gasoline inventories from the prior week.  European shares are mostly lower with materials stocks leading the declines.  Asian shares closed mostly lower as a risk-off sentiment prevailed during the market session.

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US Futures are Higher as Earnings Season Kicks Into Gear #earnings #equities #futures

US Futures are higher as earnings season kicks into gear.  Over 180 S&P 500 companies will report first quarter earnings this week which will help provide direction for stocks.  Later this morning the market will get an early look at the Purchasing Managers Index for April as well as March existing home sales.  European shares are mixed with improving PMI’s in Germany and France and mixed earnings results.  Asian shares closed mostly lower with technology stocks leading the declines.

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