US Futures are Higher as the U.S. Suspends Tariffs While Trade Talks Progress #Futures #China #Trade

US Futures are higher as the U.S. suspends tariffs while trade talks progress. Treasury Secretary Steven Mnuchin said that progress has been made with Chinese trade discussions and the U.S. has agreed to halt tariffs while discussions continue. U.S. industries that stand to benefit from recent discussions are agriculture and energy firms as China may begin importing more of these products from the U.S. European shares are mostly higher with Italy lagging on continues political tension. German markets are closed for public holiday. Asian shares closed mostly higher as China/U.S. trade negotiations move forward.

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US Futures are Hovering Near Unchanged #futures #trade

US Futures are hovering near unchanged.  Futures have lost steam over the last hour, with only the DJIA futures now in positive territory.  Skepticism that a trade deal can be reached between the U.S. and China has weighed on the markets after the second round of negotiations yesterday.  There is no scheduled economic data for release today.  European shares are trading lower with telecom stocks leading to the downside.  Despite today’s market performance, European shares are looking to record their eight straight week of gains.  Asian shares closed mostly higher despite concerns over trade.

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US Futures are Flat as Yields Rise and Softer Housing Data #Futures #Treasury #Housing #Oil

US Futures are flat as yields rise and softer housing data.  US markets retreated yesterday after the 10 yr Treasury broke firmly above 3%.  This morning, the Commerce Department reported that housing starts fell more than expected in April, dropping 3.7%.  Building permits also fell in April, dropping 1.8%.   Later this morning the market will get a look at April industrial production and crude oil and gasoline inventories from last week.  European shares are mixed after a tame inflation report in Germany.  Sector performance was mixed, however, materials stocks led gains.  Asian shares closed mostly lower as geopolitical uncertainty resurfaced as North Korea called off talks with the south.

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US Futures are Lower After Data #Futures #Manufacturing #Retail #Homebuilder

US Futures are lower after data.  The Commerce Department reported that retail sales rose 0.3% in April, matching economists forecasts.  When automobiles and gasoline are removed, retail sales were slightly below estimates.  The Empire manufacturing index rose more than expected in May, rising to 20.1, higher than the 15.5 consensus estimate.  Later this morning the market will get a look at business inventories from March and a read on homebuilder confidence in May.  European shares are higher with most sectors positive, however, telecommunications stocks are lagging.  Asian shares closed mostly lower with financials and technology shares underperforming.

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US Futures are Higher Following a Strong Week for the Major Indices #Futures #SPX #DJIA

US futures are higher following a strong week for the major indices. US stocks advanced approximately 2.5% last week, moving the S&P 500 and DJIA back into positive territory year-to-date.  There is no scheduled economic data for release today.  European shares are lower with energy stocks retreating.  Asian shares closed mostly higher with trade talks in focus, following positive comments from President Trump over the weekend.

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