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US Futures are Higher as Earning Season Kicks Into Gear

US Futures are higher as earnings season kicks into gear.  Citigroup, Wells Fargo and J.P. Morgan Chase all reported earnings this morning that beat analyst estimates, giving a strong start to the Q1 earnings season.  Later this morning the market will get a preliminary read on April consumer sentiment and February job openings.  European shares are higher with material stocks leading the gains.  Asian shares closed mixed as Chinese exports in March missed expectations.

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US Futures Rise After President Trump Clarifies Tweet About Syria

US Futures rise after President Trump clarifies tweet about Syria.  In an early morning tweet today, President Trump said that an attack on Syria was not necessarily imminent.  The latest tweet was enough to send futures higher by 0.5%.  In economic data, jobless claims fell by 9k to 233k last week.  March import prices were unchanged for the month, while export prices rose more than expected.  On an annual basis, import prices rose 3.6% y/y, while export prices are up 3.4% y/y.  European shares are higher with energy stocks leading the advance.  Asian shares closed lower with the Chinese Shanghai leading the declines.

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US Futures are Lower as Tension With Russia Over Syria is Front and Center

US Futures are lower as tension with Russia over Syria is front and center.   President Trump advised Russia to be ready for missiles launched at Syria as Russia vowed to shoot them down.  US futures immediately reacted to the tweets, dropping 100 Dow points.  In economic data, CPI was softer than expected on a month-over-month basis, however, core and year-over-year data were inline with expectations.  Later this morning the market will get the latest readings on crude and gasoline inventories.  At 2pm, the Fed will release the minutes from the March meeting.  The market will be looking for any discussion on the trade dispute affecting policy and/or any changes in style as Jerome Powell takes the lead.  European shares are lower with consumer stocks leading the decline.  Asian shares closed mixed, failing to hold on to gains.  Japanese shares closed lower despite a better than expected core machinery orders in February.

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US Futures Rise as Chinese President Xi Jinping's Comments Points to Trade Progress

US Futures rise as Chinese President Xi Jinping’s comments points to trade progress.  Chinese President Xi Jinping announced plans to reduce tariffs on imported automobiles and other products and is committed to enforcing intellectual property rights of foreign companies.  In economic data, March producer prices rose more than expected, rising 0.3% m/m.   European shares are higher with materials stocks leading the advance.  Asian shares bounced after President Xi’s remarks and closed higher across the board.

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US Futures are Looking to Bounce Back After Friday's Decline

US Futures are looking to bounce back after Friday’s decline.  US futures are rising around 0.5% this morning as technology stocks and commodities rebound.  There is no economic data scheduled for release today.  European shares are mixed with financial stocks outperforming.  In Germany, exports unexpectedly fell in February, marking the largest drop since 2015.  Asian shares closed higher with technology and financial stocks leading the gains.  Markets will be monitoring a planned speech by Chinese President Xi Jinping on Tuesday for further details on trade discussions.

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