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U.S. Stock Futures are Lower as Technology Stocks Fall #RetailSales #Broadcom #IndustrialProduction

U.S. stock futures are lower as technology stocks fall. Weaker-than-expected revenue in Q2 along with reduced 2019 guidance from Broadcom has put pressure on chip stocks this morning. On the data front, retail sales rose 0.5% in May, slightly below expectations. Later this morning, markets will get a look at industrial production from May, business inventories from April and a preliminary look at June consumer sentiment. European shares are trading lower with technology shares leading the decline. Asian shares closed mixed with Chinese stocks lagging the region.

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Lee DeLorenzo Named to Barron’s Top Women Financial Advisors 2019

Lee DeLorenzo of United Asset Strategies has been named among the ranks of remarkable women selected for Barron’s Top Women Financial Advisors 2019. This is DeLorenzo’s eleventh consecutive year cracking the Barron’s Top 100, carefully selected from female advisors across the country. Top Advisor rankings are determined by revenue generated, assets under management, as well as the quality of their practices.

The traditional “eat-what-you-kill” era is changing, the Barron’s article notes, moving towards “consultative, financial planning-based relationships,” an environment that benefits from intuition, empathy, and a listening ear.

“At United, we have embraced holistic financial and life coaching with our clients as central to a successful relationship. We are amazed at how long the financial advice community takes to change,” says DeLorenzo.

 

For more information on Lee DeLorenzo and United Asset Strategies, visit www.unitedasset.com

 

See here for full Barron’s article, ‘Why Women Make Great Financial Advisors. So Why Aren’t There More?’

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11 Hits

U.S. futures are Holding on to Gains as Energy and Technology Stocks Lead #Oil #Jobless #Inflation

U.S. stock futures are holding on to gains as energy and technology stocks lead. Chip stocks are rebounding this morning after yesterday’s sharp declines, helping technology stocks lead the markets higher. Energy shares are rising with oil prices after reports of two tankers having caught fire after a suspected attack in the Gulf of Oman. On the data front, weekly jobless claims rose by 3,000 to 222,000. On the inflation front, import and export prices both fell in May, falling 0.3% and 0.2%, respectively. European shares are higher with material stocks leading. Asian shares closed mostly lower with Japanese shares leading the declines.

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21 Hits

U.S. Stock Futures are Slightly Lower After Data #CPI #Mortgage #HangSeng

U.S. stock futures are slightly lower after data. Consumer prices rose by 0.1% in May, matching economist estimates. On an annual basis, CPI rose 1.8%, below the expected rise of 2.0%. Mortgage applications surged last week as interest rates fell, with purchases rising 10% and refinancing applications rising 47%. European shares are trading lower with energy stock leading the losses. Asian shares closed lower with Hong Kong’s Hang Seng leading the losses as protests continue over controversial extradition legislation. Chinese inflation data showed that consumer prices rose 2.7% y/y in May.

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22 Hits

U.S. Futures are Higher as Markets Shrug Off President Trump’s Trade Comments #Futures #China #G20

U.S. stock futures are higher as markets shrug off President Trump’s trade comments. President Trump has said that he plans to raise the tariffs on China if Chinese President Xi Jinping does not meet with him at the upcoming G20 meeting in Japan. On the data front, the Labor Department reported that producer prices rose 0.1% in May, matching economist estimates. European shares are higher with basic material and automotive stocks leading higher. Asian shares closed higher, with Chinese stocks leading, after reports that the Chinese government could provide stimulus options for local governments to invest in infrastructure.

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27 Hits

U.S. Stocks are Higher on Positive Trade News #Futures #MexicoTariffs #Mergers

U.S. stocks are higher on positive trade news. Stock futures jumped after President Trump announced that Mexico would avoid tariffs after agreeing to crackdown on immigration. Merger headlines are also helping to boost stocks after Raytheon and United Technologies agreed to merge and Salesforce.com announced a deal to acquire Tableau Software. On the data front, later this morning markets will get a look at job openings and labor turnover from April. European shares are higher with basic material stocks leading on positive trade headlines. Asian shares closed mostly higher, with Chinese stocks leading, after stronger than expected export numbers from May.

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22 Hits

Futures Spike After Reports U.S. Will Give Chinese Products Time to Avoid Tariffs #TradeTalks #China #Payrolls

Futures spike after reports U.S. will give Chinese products more time to avoid tariffs. Early gains have eroded as the economy added fewer jobs in May. Total non-farm payrolls rose 75,000 in May, however, this gain was offset by a combined -75,000 revision to March and April data. The unemployment rate and the participation rate remained unchanged at 3.6% and 62.8%, respectively. Average hourly earnings rose less than expected, rising 0.2% m/m and 3.1% y/y. European shares are higher, with technology stocks leading, after the ECB left policy rates unchanged on Thursday. Asian shares closed mostly higher despite Chinese markets were closed on holiday.

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34 Hits

U.S. Futures are Holding Gains After Data #Jobless #Deficit #ECB

U.S. futures are holding gains after data. Weekly jobless claims were slightly above estimates at 218,000. The Q1 revision of non-farm productivity was in line with forecasts at 3.4%, however, unit labor costs fell more than expected, falling 1.6%. Lastly, the trade deficit in April matched forecasts at -$50.8B. European shares are holding on to gains after the ECB left rates unchanged but provided mixed commentary. On the dovish side, the period of time that rates are expected to remain unchanged moved to the first half of 2020, while the floor for the long-term loan rate was set at the deposit rate minus 0.1% (currently -0.3%), which was viewed as hawkish. Asian shares closed mixed with Chinese stocks lagging the region.

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32 Hits

U.S. Stock Futures Retreat After Weak Payrolls Data #ADP #Mortgage #ISM

U.S. stock futures retreat after weak payrolls data. While U.S. stocks futures are higher on the day, they are off the morning highs. The ADP employment report showed that private payrolls rose 27,000 in May, while markets were expecting a rise of 175,000. Lower interest rates helped mortgage applications rise by 1.5% last week. The gain in applications was purely due to refinancing as purchase applications actually fell 2%. Later this morning the market will get a look at ISM non-manufacturing index from May and at 2pm the Fed Beige Book will be released. European stocks are holding on to gains with the technology sector leading. Asian stocks closed mostly higher, with Japanese stocks leading after recent underperformance.

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42 Hits

U.S. Futures are Higher as Sentiment Improves #China #Fed #Powell

U.S. stock futures are higher as sentiment improves. Investors are feeling optimistic this morning after comments out of the Chinese Commerce Ministry seemed to signal a willingness to negotiate. On the data front, later this morning markets will get a look at April factory orders. Investors will be watching comments out of Federal Reserve Chairman Jerome Powell as he speaks at a conference held by the Chicago Federal Reserve Bank later this morning. Markets will look to see if the Chairman will react to comments from St. Louis Fed President James Bullard about the possible need for a rate cut sooner to counter the trade risks. European stocks are mostly higher with auto stocks leading higher and positive trade news. The economic data out of the U.K. was not as encouraging, with retail sales falling more than expected in May. Asian shares closed mixed with Chinese stocks lagging the region.

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41 Hits

U.S. Futures are Off the Morning Lows as Stocks Attempt to Bounce #Futures #TradeTalks #PMI

U.S. futures are off the morning lows as stocks attempt to bounce. Trade headlines continue to dominate sentiment at the moment, pressuring stocks to start the week. Later this morning, markets will get a look at the PMI Manufacturing index and ISM Manufacturing index from May as well as construction spending from April. European shares are lower with bank stocks lagging. HIS Markit data showed that U.K. manufacturing dipped into contraction territory in May. Asian shares closed mostly lower despite a better than expected manufacturing survey in China from May. Japanese stocks lagged the region as Softbank has reportedly faced a tougher time raising money.

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44 Hits

U.S. Futures are Lower After President Trump Announces New Tariffs #Tariffs #Mexico #Inflation

U.S. futures are lower after President Trump announces new tariffs. President Trump announced that the U.S. will impose a 5% tariff on imports from Mexico as of June 10th. These tariffs could rise to 25% by October 1st unless the Mexican government stops immigrants from illegally entering the U.S. On the data front, personal income and spending rose more than expected in April while inflation met expectations. Later this morning the market will get a look at business conditions in Chicago and a final read on consumer sentiment from May. European stocks are lower with automaker stocks leading the decline. Asian stocks closed mixed after Chinese PMI fell more than expected in May.

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43 Hits

U.S. Futures are Higher After Data #Jobless #GDP #HomeSales

U.S. futures are higher after data. Weekly jobless claims were in line with expectations at 215,000, up 3,000 from last week. The second estimate for Q1 GDP was 3.1%, ahead of expectations of 3.0%. Real consumer spending rose 1.3% in the quarter, slightly above expectations. Later this morning markets will get a look at pending home sales from April. European shares are higher with banks leading. Asian markets closed mostly lower, however, recovering some of the loses late in the session. South Korea shares outperformed the region, rising 0.77%.

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55 Hits

U.S. Futures are Lower as Trade Headlines Weigh #TradeWar #China #RareEarth

U.S. futures are lower as trade headlines weigh. Chinese news outlets reported that the country may limit the export of rare earth minerals as their next counter in the trade war. China controls the majority of the global supply of rare earth minerals which used in the manufacturing process of many products. European shares are lower with materials stocks leading the losses. On the data front, German consumer sentiment fell to a two-year low, putting additional pressure on stocks. Asian shares closed mostly lower with Japanese shares leading the declines.

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54 Hits

U.S. Futures are Mostly Higher to Start the Week #Trade #HomePrices #ConsumerConfidence

U.S. futures are mostly higher to start the week. President Trump ended his short visit in Japan today as he addressed the trade imbalance with the country. On the data front, later this morning the markets will get a look at home prices from March and consumer confidence from May. European shares are rebounding after starting the session lower, with financial stocks lagging. Asian shares closed higher with Chinese stocks leading.

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69 Hits

U.S. Futures are Higher to End a Turbulent Week #TradeWar #Tariffs #DurableGoods

U.S. futures are higher to end a turbulent week. The S&P 500 will try to avoid a thirds consecutive down week as futures are higher to start the day. Helping lift sentiment were comments from President Trump, stating that he expects the trade war with China to end quickly. On the other hand, the President is discussing adding tariffs for countries that devalue their currencies. On the data front, April new orders for durable goods fell 2.1%, with capital goods falling 0.9%. European stocks are higher on positive trade comments with auto stocks leading higher. U.K. Prime Minister Theresa May announced that she will resign as of June 7th as it has become clear to her that new leadership is needed. Asian shares closed mixed with Chinese shares outperforming the region.

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66 Hits

U.S. Futures are Lower as Trade Tensions Weigh #Huawei #Jobless #Manufacturing

U.S. futures are lower as trade tensions weigh. Additional companies announced that they will suspend future business with Huawei in order to comply with the U.S. ban. The latest companies to comply with the ban include Arm Holdings, Panasonic, Vodafone and others. On the data front, weekly jobless claims rose by 1,000 to 211,000, below expectations of 215,000. Later this morning the market will get a look at new home sales from April. European shares are lower with auto stocks leading the declines. German manufacturing was weaker than expected in May, falling slightly from 44.4 to 44.3. Asian stocks closed lower with Chinese stocks leading the losses. India’s Nifty 50 closed near record highs over election optimism.

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61 Hits

U.S. Futures are Lower as President Trump Considers Additional Chinese Supply Ban #TradeWar #China #FOMC

U.S. futures are lower as President Trump considers adding additional Chinese companies to supply ban. As the trade war marches on, the President is considering adding five more companies to the list that U.S. companies will stop providing products to. In Fed news, later this afternoon the markets will get a look at the minutes from the May FOMC meeting. European shares are lower, giving back earlier gains as trade rhetoric continues. Asian shares closed mostly higher with Chinese stocks lagging the region.

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77 Hits

Global Stocks Rise as Technology Stocks Bounce #Futures #Huawei #HomeSales

Global stocks rise as technology stocks bounce. After news that the Commerce Department will ease restrictions on Huawei from purchasing U.S. goods for 90 days, technology stocks moved higher, reversing some of yesterday’s decline. On the data front, later this morning, markets will get a look at existing home sales from April. European shares are trading higher with technology stocks leading higher. Asian shares closed mixed with China’s Shanghai leading higher.

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62 Hits

U.S. Futures are Lower as Technology Stocks Weigh #Huawei #Brexit #Nifty

U.S. futures are lower as technology stocks weigh. Semiconductor stocks are dragging the technology sector lower after several U.S. companies said they would stop supplying products to Huawei as the U.S. ban kicks in. China has responded that they are in no rush to re-ignite trade talks. European shares are lower with technology stocks leading the declines. On the Brexit front, PM Theresa May plans to present a “new, bold offer” as a final attempt to reach an agreement. Asian markets closed mixed with India and Australia leading higher. In India, news that Prime Minister Narendra Modi was likely to win re-election sent stocks higher. Australian shares surged on news that Australia’s conservative coalition will gain the majority in parliament.

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68 Hits

U.S. Futures are Lower as Trade Talks Stall #TradeTalks #China #Brexit

U.S. futures are lower as trade talks stall. Overnight Chinese officials said that they have no interest in resuming trade talks with the U.S. while the U.S. continues to threaten additional tariffs. News of Chinese officials pulling back sent global stocks lower. Later this morning markets will get a look at a preliminary read on May consumer sentiment. European shares are lower on U.S./China trade news as well as Brexit talks between the U.K.’s Conservative party and Labour party ending without an agreement. Asian shares closed mixed as Chinese shares lagged on trade news.

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64 Hits

U.S. Futures are Higher as Markets Focus on Earnings #Earnings #Huawei #HousingStarts

U.S. futures are higher as markets focus on earnings. Strong earnings from Walmart and Cisco have helped boost markets this morning, despite President Trump taking further action in the trade war. President Trump declared a national emergency over the threat against American technology companies which was followed by news that it would become more difficult for Huawei to do business with U.S. companies. On the data front, housing starts and permits beat expectations in April. Weekly jobless claims fell 16k to 212k, also beating expectations. Lastly, the Philadelphia Fed Business Outlook survey also came in higher than expected in May at 16.6. European shares have turned higher after starting the session lower after President Trump began targeting Chinese tech companies. Asian shares closed mixed, with China closing slightly higher.

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67 Hits

U.S. Futures Extend Losses After Weaker Data #RetailSales #Manufacturing #Inventories

U.S. futures extend losses after weaker data. Stocks extended losses after April retail sales was reported as weaker than expected. April retail sales fell 0.2% for the month, while economists were expecting a rise of 0.2%. The already strong March retail sales number was revised 0.1% higher to 1.7%. The Empire Manufacturing Survey was reported as much stronger than expected at 17.8, against expectations of 9.0. Later this morning markets will get a look at industrial production from April, business inventories from March and the housing market index for May. European shares are lower as weak data out of China dragged materials and auto stocks lower. Asian markets were higher despite weak economic data out of China. Chinese industrial output and retail sales from April both missed expectations. With the weak Chinese data and trade dispute with the U.S., markets are hoping for additional government stimulus.

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75 Hits

U.S. Futures are Higher as Markets Digest Trade Headlines #Futures #TradeTalks #Tariffs

U.S. futures are higher as markets digest trade headlines. Markets had a rough start to the week after China announced retaliatory tariffs on $60B of U.S. imports. This morning, markets are trending higher as investors await next steps. On the data front, import and export prices both rose less than expected in April, while import prices fell 0.2% y/y. European shares are rebounding today with basic material stocks leading higher. Asian stocks closed lower with China’s Hang Seng leading the decline.

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74 Hits

U.S. Futures Take Another Leg Lower as Retaliatory Tariffs are Announced #Tariffs #China #DAX

U.S. futures take another leg lower as retaliatory tariffs are announced. China announced that they will raise tariffs on $60B of U.S. goods to 25% as of June 1st, with an emphasis on agriculture products. Stocks have been retreating over the past week as progress toward the two sides coming to an agreement has reversed. European shares have extended losses after the retaliation announcement, with the German DAX now down over 1.5%. Asian markets closed mostly lower as markets were already on edge over the trade dispute before the Chinese announcement.

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83 Hits

U.S. Futures are Lower as Additional Tariffs go Into Effect #TradeTalks #Tariffs #CPI

U.S. futures are lower as President Trump goes to Twitter and additional tariffs go into effect. In a series of tweets this morning, President Trump stated that talks with China continue in a “congenial manner”, but increased tariffs are in effect and will make our country stronger as we use the tariff money to help our farmers, infrastructure and healthcare. On the data front, April consumer prices were slightly cooler than expected, rising 0.3%m/m and 0.1% m/m less food and energy. European stocks are higher, with utility stocks leading, despite trade headlines. Asian stocks closed mostly higher despite the increased tariffs overnight on Chinese goods. Chinese stocks led higher with the Shanghai composite rising 3%.

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66 Hits

U.S. Futures are Lower After Data #PPI #Jobless #TradeDeficit

U.S. futures are lower after data. Producer prices moderated in April, rising 0.2%, down from the 0.6% rise in March. Less food and energy, prices rose 0.1% in April and 2.4% y/y. Weekly jobless claims were slightly above estimates, coming in at 228K against expectations of 215K. The trade deficit increased slightly to -$50B in March after posting better-than-expected results in January and February. European stocks are lower with auto stocks tied to China leading losses. Asian shares closed lower with Chinese markets closing sharply lower after President Trump turned up the rhetoric claiming that China “broke the deal” at a rally on Wednesday evening.

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78 Hits

U.S. Futures are Lower After Back-to-Back Loses as Trade Tensions Resurface #TradeTalks #Tariffs #China

U.S. futures are lower after back-to-back loses as trade tensions resurface. Reports that China has backtracked on key parts of a trade deal caused President Trump to get more aggressive, adding to market uncertainty. Vice Premiere Liu He will be in the U.S. this week and hopes are that the two countries can make progress before the new tariff deadline on Friday. On the data front, mortgage applications rose 2.7% last week as new purchase rose 4% and refinancing up 1%. European shares are mostly lower as trade news as weighed on markets. The materials sector, most closely linked with China, is lagging other sectors and is down by more than 1%. Asian shares closed lower as Chinese exports from April were weaker than expected, falling 2.7% y/y.

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76 Hits

U.S. Futures are Lower as Markets Weigh Trade Headlines #TradeTalks #China #JOLTS

U.S. futures are lower as markets weigh trade headlines. Despite news that Chinese Vice Premiere Liu He is still expected to make the trip to the U.S. this week, markets remain cautious as fresh tariff talk has put investors on edge. On the data front, later this morning the markets will get a look job openings from March when the Labor Department releases the latest JOLTS report at 10am. European stocks are trading lower as utility stocks outperform and financials lag after German factory orders rose less than expected in March. Asian shares closed mixed as Chinese stocks stabilized after Monday’s steep decline.

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287 Hits

Global Stocks Fall as Tariff Talks Resurfaces #Futures #Tariffs #China

Global stocks fall as tariff talks resurfaces. Over the weekend, President Trump announced that the U.S. could raise tariffs on $200B on Chinese imports to 25% this Friday. The news sent global stocks lower as markets were pricing in trade progress. European shares are sharply lower on the trade news with the exception of the U.K.’s FTSE which was closed on holiday. Euro zone PMI showed continued weakness in April as manufacturing remains under pressure. Asian shares closed lower with Chinese markets leading the losses. Chinese markets were down in the range of 3 to 6% for the day as trade talks may have hit a road block.

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79 Hits

Lee DeLorenzo Earns Top 50 Spot on Forbes’ Top Women Wealth Advisors

United Asset Strategies, Inc. is excited to announce that Lee DeLorenzo, founder and president, has been named to Forbes’ Top Women Wealth Advisors of 2019. Lee ranks in the top 50 women wealth advisors in the country and has earned the number one spot on Long Island on this year’s list.

Spotlighting 250 top advisors from across the country, the list is compiled by conducting in-person interviews and examining industry experience, assets under management, compliance records, and revenue produced.

 

For more information: https://www.forbes.com/profile/lee-delorenzo

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82 Hits

U.S. Futures Advance After Strong April Jobs Data #JobsReport #Payrolls #Unemployment

U.S. futures advance after strong April jobs data. Non-farm payrolls rose 263k in April, well ahead of the expected 180k rise. The unemployment fell to 3.6% and the participation rate fell to 62.8% as more people left the labor force. Average hourly earnings was in line with estimates, rising 3.2% y/y. On the trade front, the March trade deficit was reported as better than expected at $71.4B. Later this morning markets will get a look at the ISM non-manufacturing index from April. European shares are trading higher with most sectors in positive territory. Inflation data out of the euro zone came in slightly higher than expected in April. Asian markets closed mixed, while Chinese and Japanese markets remained closed on holiday.

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72 Hits

U.S. Futures are Mixed as Markets Digest the Latest Fed Commentary #FOMC #BOE #Inflation

U.S. futures are mixed as markets digest the latest Fed commentary. As expected, the Fed left rates unchanged after the latest FOMC meeting. Chairman Powell said the committee feels that the current policy is appropriate and stressed that lower inflation is likely transitory. On the data front, jobless claims were 230k last week, slightly higher than the estimate for 215k. First-quarter non-farm productivity was stronger than expected, rising 3.6%, while wage inflation remained tame, falling 0.9%.  Later this morning markets will get a look at factory orders from March. European shares are mostly lower after euro zone factory orders contracted again in April. The BOE left rates unchanged as expected. Asian shares closed mixed, however, China and Japan remained closed on holiday.

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282 Hits

U.S. Futures are Higher as Strong Earnings Boost Stocks #Earnings #Payrolls #PMI

U.S. futures are higher as strong earnings boost stocks. Stocks are rising, with help from strong earnings reports from Apple, Mondelez, AMD, CVS and more. On the data front, mortgage applications fell 4% last week as both purchases and refinancing were down over 4%. ADP reported that private payrolls rose 275k in April, far surpassing estimates for a rise of 180k. Later this morning markets will get a look at PMI and ISM manufacturing data from April as well as construction spending from March. Lastly, the Fed will announce their latest policy decision at 2pm today, with market expecting no change to the current policy. Most of European and Asian markets are closed today in celebration of May Day. London’s FTSE is trading lower on the day, while Australia’s ASX 200 closed higher.

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88 Hits

U.S. Futures are Mixed Ahead of Data #Futures #HomePrices #PMI

U.S. futures are mixed ahead of data. The employment cost index from Q1 was reported in line with expectations, rising 0.7% during the quarter and 2.8% y/y. Later this morning, markets will get a look at home prices from February, April Chicago PMI, April consumer confidence and March pending home sales. European shares are lower, with materials stocks leading losses, despite stronger than expected euro zone growth data from Q1. Asian shares closed mixed as Chinese PMI from April missed expectations.

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376 Hits

U.S. Futures are Mixed After Data #Earnings #Inflation #PCE #FOMC

U.S. futures are mixed after data. Personal income rose less than expected in March, rising 0.1%, while consumer spending beat expectations. On the inflation front, core PCE was unchanged in March and rose 1.6% y/y. This tame inflation report comes just one day before the FOMC begins their two-day Fed meeting that will conclude with a rate decision on Wednesday. On the earnings front, approximately 25% of S&P 500 companies will report earnings this week. European shares are mixed with weakness in energy shares. Asian shares closed mixed as the U.S. and China are set to meet again this week to continue trade negotiations. Japan’s market is closed for two weeks to celebrate the inauguration of Crown Prince Naruhito.

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77 Hits

US Futures are Slightly Higher After GDP Came in Better than Expected #Futures #GDP #Earnings

US futures are slightly higher after GDP came in better than expected. According to the Commerce Department, Q1 GDP came in at 3.2% compared to estimates of 2.5% as strong export numbers helped lift the overall number. Major earnings that also impacted overall sentiment included a miss on forecast from Intel, a bottom line miss from Exxon and a strong bottom line beat out of Amazon. Markets in Asia closed mostly lower as the Shanghai index continues to lead the drop. European markets are trading mixed with the DAX higher while the FTSE is trading flat to slightly lower.

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90 Hits

US Futures are Mixed This Morning with Dow Futures Lower While S&P and Nasdaq Futures are Higher #Futures #Earnings #Jobless

US futures are mixed this morning with Dow futures lower while S&P and Nasdaq futures are higher. Following an earnings miss, shares of 3M are down close to 10% in the premarket after the company reported earnings below estimates while also cutting its full year guidance along with job cuts worldwide. Nasdaq futures are being lifted by Facebook after the company reported strong earnings and shares are up over 8% in the premarket. In economic data, weekly jobless claims rose 37,000 to a seasonally adjusted 230,000 compared to estimates of 200,000. Markets in Asia closed mostly lower with the Shanghai markets leading the way down as investors are concerned the Chinese government may pare back its stimulus measures. European markets are trading mostly lower led by the FTSE.   

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564 Hits

Stocks Set to Open Flat After the S&P and Nasdaq Set a Record Closing High #Futures #Earnings #SPX

Stocks set to open flat after the S&P and Nasdaq set a record closing high. Futures are flat as markets digest yesterday’s gains as well as corporate earning reports from Caterpillar, AT&T, Kraft Heinz, Texas Instruments and more. On the data front, mortgage applications fell 7.3% last week with purchases falling 4% and refinancing falling 11%. European shares are mixed with auto stocks lagging after Nissan cut their profit forecast. Asian shares closed mixed with Australian stocks leading the region.

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105 Hits

U.S. Futures are Rising as Strong Earnings Boost Stocks #Earnings #HomeSales #Oil

U.S. futures are rising as strong earnings boost stocks. Better-than-expected results from Coke, United Technologies, Lockheed Martin, Procter & Gamble and others has helped lift stocks throughout the morning. Later this morning markets will get a look at new home sales from March, which are expected to fall from February. European stocks are mixed after being closed on Monday. Energy stocks are leading European shares higher as oil prices rise. Asian shares closed mixed with Chinese shares lagging after reports that China may focus on structural reforms in lieu of new stimulus measures.

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92 Hits

U.S. Futures are Lower as Earnings Kick Into High Gear #Futures #Earnings #Oil

U.S. futures are lower as earnings kick into high gear. About one-third of S&P 500 companies will report earnings this week, making it the biggest week for earnings reports for Q1. On the political front, President Trump announced that the U.S. will not renew Iranian oil waivers, which would force countries like China to find an alternative supply if they were to comply. Oil prices are higher by more than 2% as political tension drives prices higher. On the data front, later this morning markets will get a look at existing home sales from March. Analysts are expecting existing home sales to moderate after the nearly 12% surge in February. European markets are closed on holiday. Asian shares closed mixed with Chinese shares underperforming the region.

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476 Hits

U.S. and Many Foreign Markets are Closed Today in Observance of Good Friday #GoodFriday #HousingStarts

U.S. and many foreign markets are closed today in observance of Good Friday. Despite markets being closed today, there was some economic data released this morning. March housing starts and permits both fell for the month, while markets were looking for an advance higher. Both single-family and multi-family starts dropped for the month and February’s starts were revised even lower than the originally reported weakness. European markets are closed today, while Japanese shares led gains of the few Asian markets that were open.

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98 Hits

U.S. Futures are Higher After Data #RetailSales #Jobless #PMI

U.S. futures are higher after data. Stock futures gained traction after March retail sales were reported much stronger than expected. Retails sales rose 1.6% for the month with the control group rising 1%, both double expectations. Weekly jobless claims were also better than expected, falling 5k last week to 192k. Lastly, the April Philadelphia Fed business outlook survey was reported slightly below estimates at 8.5. Later this morning Attorney General William Barr will hold a press conference before releasing a redacted version of the Mueller report. The release of the report will give lawmakers a more detailed look than originally provided by Barr last month. European shares are mixed after disappointing PMI data from France and Germany. The recent PMI data has investors worried that the euro area may be slowing further. Asian shares closed mostly lower with Japanese shares lagging the region.

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101 Hits

U.S. Futures are Higher on Earnings and Trade Data #Earnings #TradeDeficit #BeigeBook

U.S. futures are higher on earnings and trade data. Stronger earnings from Morgan Stanley, Pepsico and Netflix have helped boost stocks. On the data front, the Commerce Department reported that the trade deficit fell again in February after the sharp decline in January. The deficit fell to 49.4B, well below estimates of 53.6B, as the goods deficit with China fell substantially in February. Later today, the market will get a look at anecdotal evidence of the economy form the 12 Fed districts when the Beige Book is released. European shares are mixed with material stocks lagging. Asian shares closed mixed despite stronger than expected GDP numbers out of China.

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104 Hits

Strong Earnings Have U.S. Futures Rising #Futures #Earnings #DAX

Strong earnings have U.S. futures rising pre-market. Strong earnings from United Health, Black Rock and Johnson & Johnson has helped boost stocks this morning. Markets will have economic data to digest with March industrial production and the April housing market index due out later this morning. European shares are broadly higher, led by the German DAX, after data showed that investor sentiment rose more than expected in April. Asian shares closed higher with Chinese shares leading the region as average new home prices rose faster than expected in March.

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109 Hits

U.S. Futures are Hovering Near Unchanged as Markets Digest Earnings Reports #Futures #Earnings #Manufacturing

U.S. futures are hovering near unchanged as markets digest earnings reports. Mixed reports from Goldman Sachs and Citigroup has markets searching for direction as both companies reported stronger earnings on weaker revenue. In a CNBC interview, Chicago Fed President Charles Evans said he would be comfortable leaving rates unchanged into the fall of 2020 to allow for inflation to be sustainable. On the data front, the Empire State Manufacturing survey came in stronger than expected in April, rising to 10.1, well ahead of expectations of 6.8. European shares are mostly higher on corporate earnings reports. Asian shares closed mixed on Monday with Japanese shares outperforming the region.

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109 Hits

U.S. Futures Rise on Strong Earnings and Deal News #Futures #Earnings #Chevron

U.S. futures rise on strong earnings and deal news. The energy sector got a boost after Chevron agreed to acquire Anadarko Petroleum in a $33B deal, while financials are getting a lift after stronger-than-expected quarterly results out of JPMorgan, Wells Fargo and PNC. On the data front, import and export prices were both higher than expected in March, with import prices rising 0.6% and export prices rising 0.7%. European shares are trading higher as euro zone industrial output fell less than expected in February and global optimism rises. Asian shares closed mostly higher as the U.S. and China continue to work out sticking points toward a trade deal.

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116 Hits

U.S. Futures are Slightly Higher After Data #Jobless #PPI #Inflation

U.S. futures are slightly higher after data. Strength in the job market continues as weekly jobless claims fell to a near 50-year low at 196k last week. On the inflation front, producer prices rose more than expected in March, rising 0.6% m/m and 2.2% y/y. Ex-food and energy, producer prices rose 0.3% m/m and 2.4% y/y. European shares are mostly higher one day after the ECB left rates unchanged. On the Brexit front, the EU granted British PM Theresa May an extension on the proposed exit until October 31st. This extension will give the PM over six months to get an agreement as to what Brexit should look like. Asian markets closed mixed on Thursday. Data out of China showed that consumer prices rose more than expected in March as food price inflation was higher than expected.

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110 Hits

U.S. Futures are Slightly Higher After Inflation Data #CPI #FOMC #ECB

U.S. futures are slightly higher after inflation data. Consumer prices rose slightly more than expected in March, rising 0.4% m/m and 1.9% y/y. Ex-food and energy, prices rose slightly less than expected, rising 0.1% m/m and 2.0% y/y. Later today markets will get a look at FOMC meeting minutes from the March meeting. Fed Chairman Jerome Powell will be speaking about the economy later today at the House of Representatives Democratic Caucus annual retreat in Virginia. European shares are trading higher after the ECB left rates unchanged. ECB President Mario Draghi reiterated that rates will likely remain unchanged at least through the end of 2019 and they would continue to reinvest maturing debt for an extended period after rate hikes begin. Asian shares closed mixed after the IMF reduced their outlook for global economic growth in 2019 from 3.5% to 3.3%.

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116 Hits

U.S. Futures are Lower as Trade Tensions Rise #Tariffs #EU #Earnings #JOLTS

U.S. futures are lower as trade tensions rise. President Trump is proposing new tariffs on imports from the EU as a retaliation for the economic damage to the U.S. created by Airbus subsidies. The U.S. is considering placing tariffs on up to $11B of EU goods. On the earnings front, Q1 earnings will kick into gear on Friday as JPMorgan and Wells Fargo will be the first large banks to report. Ahead of bank earnings, Bank of America has announced that they will raise their minimum wage to $20/hour over the next two years. Later this morning, markets will get a look at job openings in February when the latest JOLTS report comes out at 10am. European shares are moving lower after starting the session higher as investors weigh the impact of potential tariffs. Asian shares closed mostly higher, but lack of conviction kept gains small across the region.

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