US Futures are Higher on the Final Trading Day of Q1

US Futures are higher on the final trading day of Q1.  On the economic front, weekly jobless claims fell 12k to 215k.  February personal income and spending both matched expectations with income rising 0.4% and spending rising 0.2%.  Core PCE was slightly higher than expectations, rising 1.6% yoy.  Later this morning the market will get data on Chicago PMI and a final read on March consumer sentiment.  European stocks are trading higher after German unemployment fell to 5.3%, a record low.  Asian shares closed mostly higher with China’s Shanghai leading the gains.  Technology shares continued to lag other sectors.


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US Futures Are Trying To Hold Gains After Data

US Futures are trying to hold gains after data.  The final read of Q4 GDP came in stronger than expected at 2.9% vs estimates of 2.7%.  Additionally, the February trade deficit was larger than expected at $75.4B vs estimates $74B.  Later this morning the market will get data on February pending home sales and crude/gasoline inventories.  European shares are trading lower with technology shares underperforming.  Asian shares closed lower with technology shares leading the declines.

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US Futures Are Advancing After Monday's Strong Rally

US Futures are advancing after Monday’s strong rally.  At 9am, the market will get info on home prices from January, followed by consumer confidence in March at 10am.  The market is expecting home prices to rise by 0.7% m/m and consumer confidence to rise slightly to 131 from 130.8 in February.  European shares are higher with technology and materials shares leading the gains.  Asian shares closed higher as trade tensions eased.  Chinese chipmakers lagged on reports that China may buy more semiconductors from the US.

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US Futures Rally After Friday Pullback

US Futures rally after Friday pullback.  Futures are rising after reports of a Chinese concession to buy more US semiconductors and improve access to US firms in China to help reduce the trade gap.  European shares are mostly higher with health care stocks leading the gains.  Asian shares closed mixed as markets stabilize after Friday’s rout.

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US Futures Have Pared Losses, Trading Near Morning Highs

US Futures have pared losses, trading near morning highs.  Last night the Senate passed a $1.3T spending bill to avoid another government shutdown.  The spending bill will fund the government through September and includes additional funding for the military, border security, infrastructure, opioid epidemic and gun background check spending.  In economic data, February preliminary durable goods were much stronger than expected.  At 10am, new home sales data from February will be released.  European shares are trading lower, but off the lows, with material stocks lagging.  Asian shares closed sharply lower after new tariffs spark additional trade war fears.


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