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U.S. Futures are Holding Slight Gains After Data #China #RetailSales #ECB

U.S. futures are holding slight gains after data. Futures got a boost early from news that China would add additional U.S. agriculture products to their list of products exempt from tariffs. On the data front, retail sales rose 0.4% in August, beating expectations for a 0.2% rise. Automobile sales gave retail a big bump in August as retail sales were unchanged when autos were stripped out. Import prices fell 0.5% in August, while export prices fell 0.6%. The drop in export prices was well below expectations of a 0.1% decline. Later this morning markets will get a look at business inventories from July and a preliminary look at September consumer confidence. European shares are getting some follow-through one day after the ECB cut deposit rates and initiated a new asset purchase program. Asian stocks closed higher with Japanese shares leading the region.

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U.S. Futures are Higher After President Trump Delayed Tariffs #TradeTalks #Tariffs #CPI #ECB

U.S. futures are higher after President Trump delayed tariffs. While only a two week delay, markets cheered the concession as it will allow the two countries to reignite trade talks prior to the increase in tariffs. On the inflation front, consumer prices rose 0.1% m/m and 1.7% y/y in August, in line with estimates. Core inflation was slightly higher than expected, rising 0.3% m/m and 2.4% y/y. Weekly jobless claims were below estimates, falling 13,000 to 204,000 last week. European stocks are broadly higher after the ECB announced a new stimulus plan. The new plan includes lowering the deposit rate by 0.1% to -0.5% as well as an asset purchase program of 20B euros per month for as long as necessary. Asian stocks closed mostly higher with Japanese stocks leading the region.

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17 Hits

U.S. Stocks are Slightly Higher with Technology Leading #Technology #Inflation #Mortgage

U.S. stocks are slightly higher with technology leading. Technology shares are bouncing back after two days of selling pressure on the sector and momentum names. On the inflation front, producer prices rose 0.1% in August and 1.8% YoY, both in line with expectations. Mortgage applications rose 2% last week after falling 3% in the prior week. European shares are higher, with banks leading, ahead of tomorrow’s ECB meeting. Asian shares closed mostly higher with Hong Kong stocks leading the region. On the trade front, China’s Ministry of Finance announced that several U.S. products will be exempt from additional tariffs, including several products used for animal feed as well as lubricants and cancer drugs.

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34 Hits

U.S. Stock Futures are Lower with Technology Stocks Lagging #Stocks #Technology #JOLTS

U.S. stock futures are lower with technology stocks lagging. Technology stocks are showing weakness again this morning after momentum names saw the most weakness in yesterday’s session. On the data front, later this morning markets will get a look at job openings and labor turnover when the July JOLTs report is released at 10am. European stocks are mostly lower with healthcare stocks lagging. Investors remain cautious ahead of the ECB policy decision on Thursday. Asian stocks closed mixed as Chinese producer prices fell more than expected in August.

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23 Hits

U.S. Futures are Higher with Bank Stocks Leading #Futures #YieldCurve #Brexit

U.S. futures are higher with bank stocks leading. Bank stocks are gaining as Treasury yields rise and the 2’s/10 spread widens. There is no economic data scheduled for this morning. European shares are mixed as U.K. lawmakers continue to work toward forcing PM Boris Johnson to seek a Brexit extension if a deal can’t be made by the October 31st deadline. Asian shares closed mostly higher despite weaker than expected 2Q GDP growth and weaker export data out of China.

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29 Hits

U.S. Stocks are Holding Slight Gains After Data #Futures #JobsReport #Payrolls

U.S. stocks are holding slight gains after data. The Labor Department reported that job growth was weaker than expected in August with non-farm payrolls rising 130,000, vs expectations of 163,000. The unemployment rate held steady at 3.7%, while the participation rate rose slightly to 63.2%. Average hourly earnings rose more than expected, rising 3.2% year-over-year. European stocks are mostly higher with most sectors trading higher despite weaker eurozone GDP data getting dragged down by trade concerns and slowing growth in Germany. Asian stocks closed higher with Hong Kong markets leading higher.

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27 Hits

U.S. Stocks are Rising as U.S. and China Confirm Renewed Talks #Futures #TradeTalks #Payrolls

U.S. stocks are rising as U.S. and China confirm renewed talks. China reported that U.S. and China trade representatives will look to meet in early October to re-ignite negotiations. The trade news sent futures higher and are holding on to gains after this morning’s economic data. ADP reported that private payrolls rose more than expected to 195,000, while jobless claims rose by 1,000 last week to 217,000. The second look at Q2 non-farm productivity was in line with previous estimates, however, unit labor cost rose more than expected to 2.6%. Later this morning markets will get a look at July factory orders and the ISM non-manufacturing numbers from August. European stocks are higher, with auto stocks leading, as positive trade developments boost the sector. Asian stocks closed mostly higher with Japanese shares leading the region.

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51 Hits

U.S. Futures are Higher as Progress in Hong Kong Lifts Global Sentiment #Futures #HongKong #Brexit

U.S. futures are higher as progress in Hong Kong lifts global sentiment. News that Hong Kong leader Carrie Lam intends to withdraw the extradition bill that sparked recent protests has lifted global sentiment and sent stocks higher. On the data front, mortgage applications fell last week despite record low rates as refinancing slowed. On the trade front, the international trade deficit narrowed slightly in July to $54B. Later this afternoon, markets will get a look at anecdotal evidence of economic conditions in the 12 Fed districts when the Beige Book is released. European stocks are trading higher after a vote by British lawmakers voted to allow a bill to be introduced to block a no-deal Brexit. Asian stocks closed mostly higher, led by Hong Kong, after the announcement that the controversial extradition bill will be withdrawn.

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51 Hits

U.S. Futures are Lower as New Tariffs Take Effect #Tariffs #PMI #Brexit

U.S. futures are lower as new tariffs take effect. Optimism over delaying tariffs faded as both China and the U.S. implemented addition tariffs over the weekend. Turning to economic, later this morning markets will get a look at PMI manufacturing and ISM manufacturing from August as well as construction spending from July. European shares are lower with retail and materials stocks lagging. With U.K. lawmakers returning today from recess, some would like to push to make sure that a no-deal Brexit is not an option. PM Boris Johnson made it clear that they will be leaving the EU on October 31st, with or without a deal with no extensions. As markets price-in an increasing chance for a no-deal Brexit, the sterling has fallen to lows not seen since 2016. Asian shares closed mixed with China’s Shanghai leading higher.

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36 Hits

U.S. Futures are Higher on Trade Optimism #TradeTalks #Inflation #PCE #PMI

U.S. futures are higher on trade optimism. Renewed trade talks and scheduled meetings between the U.S. and China has brought optimism that progress could be made on trade negotiations. On the data front, personal income rose less than expected in July, while spending exceeded forecasts. On the inflation front, core PCE was in line with estimates. Later this morning markets will get a look at Chicago PMI for August and the final read on August consumer sentiment. European shares are trading higher with auto stocks leading. Asian shares closed mostly higher with Japanese stocks leading the region.

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219 Hits

U.S. Futures are Higher on Trade News #TradeTalks #GDP #ECB

U.S. futures are higher on trade news. Overnight, China announced that they would hold off on new retaliatory tariffs to prevent further escalation. The country would like to move toward conditions that will allow both sides to negotiate but warned that they do have ample retaliatory measures to retaliate if the U.S. moves ahead with new tariffs. On the data front, the second look at Q2 GDP was reported in line with estimates at 2.0%, while real consumer spending beat expectations, rising 4.7% in the quarter. Weekly jobless claims rose slightly to 215,000, roughly in line with estimates. The trade deficit narrowed slightly in July to 72.3B. European stocks are higher after German CPI fell below the ECB target, increasing the chances of further ECB stimulus next month. Asian shares closed mixed with China’s Hang Seng Index outpacing the region.

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42 Hits

U.S. Futures are Losing Ground as Yields Fall #Futures #YieldCurve #Brexit

U.S. futures are losing ground as yields fall. Further weakness in Treasury yields has led to a further decline in the 2/10yr spread, raising concerns of further economic weakness. Despite near record low rates, mortgage applications fell last week, falling 6.2%. European stocks are lower this morning with technology shares leading the decline. German consumer confidence held steady in August despite weaker economic growth. In Brexit news, new U.K Prime Minister Boris Johnson requested a parliament closure from mid-September through mid-October, limiting the time parliament will have prior to the Brexit deadline. The move is seen as increasing the chance of a no-deal Brexit. Asian stocks closed mixed with Chinese shares lagging the region despite new initiatives to raise consumer consumption.

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44 Hits

U.S. Futures are Moving Higher Ahead of Data #Futures #HomePrices #ConsumerConfidence

U.S. futures are moving higher ahead of data. Later this morning markets will get a look at consumer confidence from August as well as home prices from June. Analysts see consumer confidence falling slightly from July’s strong bounce. Automotive stocks are higher after China said that they are considering lifting car-buying restrictions. European shares are mostly higher with Germany’s DAX leading the region. Asian shares closed mostly higher with China’s Shanghai leading the region.

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46 Hits

U.S. Futures Set to Open Lower After China Threatens Retaliation for Tariffs #China #Futures #Tariffs

U.S. futures set to open lower after China threatens retaliation for tariffs.  Chinese officials announced a plan to add tariffs on another $75B of U.S. goods that will mostly be in the range of 5 and 10% and go into effect on September 1st and December 15th.  An exception to the 5-10% range will be automobiles and automobile parts, which will be hit with a 25% tariff.   European shares also moved lower after the retaliatory tariffs from China on U.S. goods.  Asian shares closed higher on the day as markets closed prior to the latest tariff announcements.

 

 

US Futures Lower / Asia Higher / EU Lower / WTI @ 53.82 -1.53 / Brent 58.84 -1.08 / Nat Gas @ 2.13 -0.03 / Gold @ 1511.30 +2.80 / Platinum 851.36 -6.92 / Silver @ 17.08 +0.04 / Copper @ 2.54 -0.02 / AGS Mixed / Euro @ 1.1067 -0.0011 / 10 Yr UST @ 1.61% / 30 Yr @ 2.12%

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46 Hits

U.S. Futures are Slightly Higher as Investors Await Jackson Hole Comments #Futures #Powell #JacksonHole

U.S. futures are slightly higher as investors await Jackson Hole comments. Several Fed Presidents will speak today as the central bank summit begins in Jackson Hole, Wyoming. Investors will look for clues from the speakers for hints on the path of interest rate policy. On the data front, weekly jobless claims fell 12k to 209k last week, slightly below estimates of 216k. Later this morning markets will get a look at the August flash PMI composite. European shares are mixed with consumer product companies leading the losses. Data out of the euro zone showed that business improved in August as PMI was stronger than expected. Asian shares closed mixed with shares in Hong Kong lagging the region.

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64 Hits

U.S. Futures are Higher Ahead of FOMC Minutes #Fed #FOMC #Powell

U.S. futures are higher ahead of FOMC minutes. Later today the Fed will release the minutes from their July meeting in which they lowered rates by 25 basis points in what was labeled a “midcycle adjustment”. Markets will look for additional clues for future policy considerations. On the data front, mortgage applications fell slightly by 0.9% as rates stabilized, one week after applications surged nearly 22%. Later this morning markets will get a look at existing home sales from July. Retail stocks are getting a boost today after Target reported better-than-expected earnings and revenue and lifted guidance for the remainder of the year. European stocks are broadly higher with automotive stove leading the gains.  Italy’s markets are higher despite the resignation of Prime Minister Giuseppe Conte. Asian shares closed mixed with Chinese shares managing small gains.

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61 Hits

U.S. Futures are Set to Open Slightly Higher as Earnings Winds Down #Futures #Earnings

U.S. futures are set to open slightly higher as earnings winds down. In a week with several retailers reporting earnings, Home Depot and Kohls both reported better-than-expected earnings today, while revenue missed expectations. There is no scheduled economic data for release today. European shares are mixed as recession fears are being countered with talks of new stimulus. Healthcare stocks are leading in European trading, while Utilities are lagging. Asian shares closed mixed with Japanese stocks leading the region.

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52 Hits

U.S. Stock Futures Rise as Treasury Yields Stabilize #Futures #YieldCurve #Economy

U.S. stock futures rise as Treasury yields stabilize. Concern over falling yields and yield curve inversion took a toll on stocks last week, however, rebounding yields are helping to boost stocks this morning. European shares are higher as Germany floats the idea of fiscal stimulus through government spending to help the economy as needed. Asian shares closed higher with Chinese stocks leading after the PBOC will take measures to lower lending rates to boost the economy.

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48 Hits

What You Don't Know About Medicare May Hurt You

Medicare Enrollment Periods & Special Rules
 

Medicare Enrollment:

When you are first eligible for Medicare, you have a 7-month Initial Enrollment Period to sign up for Part A and/or Part B:

  •  Begins 3 months before the month you turn 65.
  •  Includes the month you turn 65.
  •  Ends 3 months after the month you turn 65.

If you are not automatically enrolled, you can sign up for free Part A (if eligible) any time during or after Initial Enrollment Period starts. If you have to enroll in both Part A and Part B, then you can only enroll during valid enrollment period.

If you wait until the month you turn 65 or enroll in 3-month window after your Part B coverage will be delayed.

In most cases, if you do not enroll in Part B when first eligible you will have to pay a late enrollment fee/penalty. The penalty is 10% additional for every 12 months you wait and will have to pay that additional fee for life. This may also cause a gap in coverage.

If you do not sign up during your Initial 7-month Enrollment Period, you can enroll for Part A and Part B during the General Enrollment Period between January 1st-March 31st if both below apply:

  • You did not sign up when first eligible.
  • You are not eligible for a Special Enrollment Period.

Your coverage starts July 1st if enroll during General Enrollment Period.

 

Special Rules: (Special Enrollment Periods)

Once your Initial Enrollment Period ends, you may be able to sign up for Medicare during a Special Enrollment Period (SEP). If you are covered under a group health plan based on current employment, you have a SEP to sign up for Part A and/or Part B anytime as long as:

  • You or your spouse (or family member if you’re disabled) is working.
  • You are covered by a group health plan through the employer or union based on that work.

You may have an 8-month SEP to enroll in Part A and/or Part B that starts at one of these times-whichever happens first:

  • The month after the employment ends.
  • The month after group health plan insurance based on current employment ends.

Usually do not have to pay a late enrollment penalty if you enroll during SEP.

 

*COBRA and retiree health plans are not considered coverage based on current employment. You are not eligible for a Special Enrollment Period when that coverage ends.

*If your group plan has fewer than 20 employees you need to enroll in Part B when you turn 65 and Medicare will be primary and group secondary. If group plan has 20 or more then group primary and can utilize special rules.

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75 Hits

US Stocks are Higher Today as Markets Look to Rebound From a Volatile Week #Volatility #ConsumerSentiment #HousingStarts

US futures are higher today as markets look to rebound from a volatile week. Bond yields are off its’ lows with the 10-year coming up to 1.56% while the 30 year came back up to 2%. In economic data, housing starts fell 4.0% to an annual pace of 1,191,000 units, below estimates of 1,256,000 units. Later this morning, we will also get the preliminary University of Michigan Consumer Sentiment Index for August which is estimated to come in at 97. Markets in Asia closed higher led by the Hang Seng and European markets are trading higher as they track US futures.

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74 Hits

U.S. Futures Gain on Trade News and Stronger Data #TradeTalks #Tariffs #RetailSales

U.S. futures gain on trade news and stronger data. U.S futures reversed early losses after China said that they hope the U.S. can meet them half-way on trade negotiations. Earlier reports were that China would retaliate on new tariffs which drove futures lower earlier this morning. On the data front, retail sales rose more than expected in July as the consumer remains strong. Both the Philadelphia Fed Outlook  survey and the Empire State Manufacturing survey beat expectations in August. Jobless claims rose slightly to 220,000 last week, while Q2 non-farm productivity rose 2.3%. Later this morning markets will get a look at Industrial production from July, Business inventories from June and housing prices in August. European shares are bouncing off the lows after trade headlines and U.S. data. Asian shares closed mixed with Japanese shares lagging the region as banks were weak.

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61 Hits

U.S. Futures Fall as the 2/10 Yield Curve Inverts #Futures #Economy #YieldCurve

U.S. futures fall as the 2/10 yield curve inverts. The 2yr/10yr Treasury curve has inverted stoking fresh fears of an upcoming recession. Data out of Credit Suisse shows that while the 2/10 inversion usually leads to recession, on average it has taken 22 months and stocks were 12% higher one year after the initial inversion. On the data front, dropping rates caused a surge in refinances last week, jumping 37% for the week. In other data, import and export prices both rose slightly in July, while estimates were for a slight decline for both. European shares are lower as German GDP contracted in Q2 while euro zone GDP grew by only 0.2%. Asian stocks closed higher piggybacking the rally on Wall Street as President Trump pushed back additional Tariffs to December.

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418 Hits

U.S. Futures are Lower as Investors Monitor the Yield Curve #Futures #YieldCurve #CPI

U.S. futures are lower as investors monitor the yield curve. Investors are keeping an eye on Treasury spreads as the 2/10yr curve has reached the flattest level since 2007. Many experts watch for curve inversion as a sign of upcoming recession. On the data front, inflation was reported slightly hotter than expected with CPI rising 0.3% in July. European stocks are lower with automotive and retail stocks lagging. Asian stocks declined overnight, led lower by the Hang Seng index as tensions continue to rise in Hong Kong.

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443 Hits

U.S. Stock Futures are Lower as Global Growth Concerns Loom #Futures #Economy #Stocks

U.S. stock futures are lower as global growth concerns loom. Concerns over the U.S/China trade progress has some investment banks lowering growth forecasts on reduced probability that a trade deal will get done. European shares have reversed lower with bank stocks leading the loses. Asian shares closed mostly higher with China’s Shanghai composite leading the gains, bouncing back from last week’s losses.

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75 Hits

US Stocks are Down as US-China Trade Uncertainty Looms Over Global Markets #TradeTalks #China #PPI

US Stocks are down this morning as uncertainty over the US and China trade war continues to loom over global markets. In economic data, core US PPI came in at a drop of 0.1% from the prior month compared to a 0.1% gain and this also marks the first time there was a drop in this number since 2017. Markets in Europe are trading lower after Italian banks fell sharply on concerns of renewed political uncertainty after the current ruling party called for fresh general elections. Asian markets closed mixed with the Nikkei higher and the Shanghai index off slightly less than 1 percent. The Nikkei closed higher after reporting better than expected GDP numbers.

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75 Hits

US Futures are Higher This Morning as Global Bond Yields Rise #Yield #Yuan #China

US futures are higher this morning as global bond yields rise. Markets were trading lower for most of yesterday after yields fell causing global growth concerns. The level of the yuan versus the dollar has also been at the forefront of news as it is hovering the key number of 7 yuan per dollar. Asian markets did close higher led by the Shanghai Composite after China reported a rise in exports of 3.3% year over year compared to estimates of a 2% drop. Markets in Europe are trading higher led by the CAC on the back of higher bond yields.

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72 Hits

US Futures are Sharply Lower Following a Slide in Treasury Yields #Bonds #Yield #Yuan

US futures are sharply lower this morning following a sharp slide in Treasury yields. The US ten-year yield came as low as 1.63% earlier this morning with the spread between the 2 year and the 10-year coming in at levels not seen since 2007. Other factors that may be causing this selloff in futures is China devaluing their currency once again and setting the official midpoint reference for the yuan at 6.9996 to the dollar. Markets in Asia closed mostly lower as uncertainty continues to loom over the region. European markets are trading higher but earlier gains were pared as global yields fell. No major economic data is due out today.

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87 Hits

US Futures are Higher After China Stabilizes Their Currency Overnight #China #Yuan #JOLTS

US futures are higher this morning after China stabilizes their currency overnight. Markets were down sharply yesterday after China devalued its currency, escalating the US/China trade war with all major US markets closing down over 2 percent. Markets in Asia closed lower as the trade uncertainty continues to loom over markets there. European markets are trading higher as they rebound with US futures. No major economic data has been released yet. Later this morning, we will get new JOLTS job report.

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83 Hits

US Futures are Sharply Lower After China Retaliates US Tariffs by Devaluing Currency #TradeWar #China #Yuan

US futures are sharply lower after China retaliates US tariffs by devaluing their currency. The yuan dropped in value and broke above 7 yuan per US dollar, the lowest level in over 10 years as China looks to offset the effects of tariffs. China also told its state-owned companies to suspend US agricultural imports. Global markets are down sharply on this news with the Hang Seng leading Asian markets to close lower. European stocks are trading lower led by the FTSE and the CAC which are both down over 2 percent. Later this morning, we will get US Markit services PMI and ISM nonmanufacturing data.

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77 Hits

U.S. Futures are Lower as Markets Digest News of New Tariffs #Tariffs #China #JobsReport

U.S. futures are lower as markets digest news of new tariffs. President Trump announced that the U.S. would add a new 10% tariff on the remaining $300B of goods imported from China. Retail and technology stocks slumped on the new as consumer products will be largely affected by the new tariff. On the data front, the Labor Department reported that non-farm payrolls rose 164,000 in July, in line with estimates. The unemployment rate remained unchanged at 3.7% while the participation rate rose to 63%. On the inflation front, average hourly earnings rose 0.3% m/m and 3.2% y/y, slightly more than expectations. On the trade front, the trade deficit was about unchanged at $55.2B. Later this morning markets will get a look at a final read on consumer sentiment from July and June factory orders. European and Asian stocks are trading lower as the U.S./China trade war heats-up and markets look for safe havens.

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75 Hits

U.S. Futures are Slightly Higher After a Volatile Fed Day #Futures #Powell #InterestRates

U.S. futures are slightly higher after a volatile Fed day. Stocks are seeking direction after the Fed reduced interest rates for the first time since 2008. The 25 basis point cut was widely expected, however, markets seem confused about the Feds next moves. On the data front, weekly jobless claims rose 8,000 to 215,000, in line with estimates. Later this morning markets will get a look at both the PMI and ISM manufacturing from July. European shares are mixed after the BOE held rates unchanged and reduced their growth forecast due to Brexit concerns. Asian shares closed mostly lower, with Chinese shares lagging, after July PMI showed contraction for the third straight month.

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93 Hits

U.S. Futures are Higher as Earnings Boost Stocks Ahead of the Fed Announcement #Earnings #Inflation #FOMC

U.S. futures are higher as earnings boost stocks ahead of the Fed announcement. Strong earnings from Apple, GE, Mondelez and others have helped lift stocks this morning. On the data front, ADP reported that private employment rose 156,000 in July, in line with estimates. On the inflation front, employment costs rose 0.6% in Q2 and 2.7% y/y, roughly in line with estimates. Later this morning markets will get a look at Chicago PMI from July and the latest Fed policy announcement at 2pm. Markets are expecting the Fed to cut rates by 25 basis points and will look for clues of additional cuts. European shares are mostly higher as earnings help to boost shares. Asian shares closed lower with Chinese stocks lagging after Chinese factory activity contracted in July for the third consecutive month.

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88 Hits

U.S. Stock Futures are Lower as President Trump goes to Twitter about China #TradeTalks #PCE #Brexit

U.S. stock futures are lower as President Trump goes to Twitter about China. President Trump began tweeting this morning about China’s economy not doing well and how the country has not kept their promise to buy more U.S. agriculture products. President Trump’s comments come as U.S. trade representatives begin sit-down meetings in China. On the data front, personal income rose 0.4% in June, while consumer spending rose 0.3%. A key inflation measure, core PCE, was in line with estimates rising 0.2% m/m. Later this morning markets will get a look at home prices from May, pending home sales from June and consumer confidence for July. European stocks are trading lower, with banks leading the decline, after U.K. PM Boris Johnson said that Britain will leave the EU without a deal on October 31st unless the EU is ready to negotiate. Asian stocks closed higher after the BOJ left rates unchanged and is prepared to take further easing measures if necessary.

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77 Hits

U.S. Futures are Slightly Higher Ahead of Corporate Earnings and a Fed Rate Decision #Futures #Earnings #FOMC

U.S. futures are slightly higher ahead of a much anticipated week of corporate earnings and a Fed rate decision. This week will see a large percent of companies report earnings as well as the two-day Fed meeting in which the market is looking for a 25 basis point cut in rates. The Fed rate decision will occur on Wednesday at 2pm, followed by a press conference at 2:30pm by Fed Chair Powell. On the trade front, U.S. representatives are back in China this week as the two countries try to come to a trade agreement. European stocks are mostly higher with financial stocks leading. Asian stocks closed mostly lower ahead of U.S./China trade talks. South Korea’s Kospi was weak in the region as chipmakers lagged.

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92 Hits

U.S. Futures are Higher as Earnings and GDP Beats Estimates #Earnings #GDP #ECB

U.S. futures are higher as earnings and GDP beats estimates. Strong earnings from Intel, Alphabet, Starbucks and more have helped boost investor confidence this morning. On the data front, second quarter GDP was reported at 2.1%, slightly better than the 1.9% estimates, but down from 3.1% in the first quarter. European stocks are higher one day after the ECB left rates unchanged but hinted that further cuts are possible. Asian shares closed mostly lower with Chinese stocks lagging.

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91 Hits

U.S. Stock Futures are Mixed After Data #Earnings #ECB #DurableGoods

U.S. stock futures are mixed after data. Markets have a lot to digest this morning with many large companies reporting earnings, economic data and an ECB rate decision. On the earnings front, reports have been mixed with better-than-expected results from 3M, Raytheon, Waste Management and Facebook, while Dow, Bristol-Myers and Southwest Air had mixed results. After the bell today, several widely held large-cap stocks will report, including, Intel, Alphabet, Amazon and Starbucks. On the data front, durable good new orders grew more than expected in June while the trade deficit widened. Weekly jobless claims fell 10,000 to 206,000. European stocks are higher after the ECB left rates unchanged, however, left the door open for a future rate cut as well as a revamped asset purchase program. Asian stocks were mostly higher in a muted session with semiconductor stocks outperforming in the region.

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94 Hits

U.S. Futures are Lower as Big Tech Falls on Regulatory Concerns #Futures #BigTech #Housing

U.S. futures are lower as big tech falls on regulatory concerns. The DOJ announced they will examine big technology companies for anticompetitive practices. While the announcement did not specify the companies in focus, shares of Facebook, Google, Amazon and Apple are lagging pre-market. On the data front, mortgage applications fell 1.9% last week, with both purchases and refinances falling. Later this morning markets will get a look at new home sales from June. European shares are mixed with the German DAX leading despite weaker than expected PMI in July. Asian markets closed mostly higher with Chinese stocks leading.

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93 Hits

U.S. Futures are Higher as Earnings Boost Confidence #Earnings #BudgetDeal #Brexit

U.S. futures are higher as earnings boost confidence. Stronger than expected earnings from Coke, Lockheed Martin, United Technologies and more have stock futures moving higher. On the political front, a bipartisan agreement was finalized last night to suspend the debt ceiling and boost spending for two years. The House will have to approve this deal prior to going on recess. On the data front, later this morning markets will get a look at June existing home sales. European shares are higher ahead of the ECB policy meeting on Thursday with investors expecting a 10 basis point rate cut. In the race to replace U.K. PM Theresa May, Boris Johnson edged out rival Jeremy Hunt. Johnson will now have until October 31st to reach a BREXIT deal or choose to leave without a deal in place. Asian stocks closed higher with Japanese shares leading the region.

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103 Hits

U.S. Futures are Higher as Technology Stocks Lead #Futures #Earnings #Technology

U.S. futures are higher as technology stocks lead. Stocks are set to open higher after several chip companies and other technology stocks received upgrades from Goldman, Morgan and others. Earnings reports ramp up this week with reports coming from Coca-Cola, Harley Davidson, Visa, Amazon, Intel, Alphabet, McDonalds, Caterpillar, UPS and many more. European shares are higher with the German Dax leading. Asian shares closed lower with Chinese stocks lagging despite strong performance from the new STAR market in Shanghai. The STAR Market is a Nasdaq-like technology heavy exchange in Shanghai that will start with 25 companies. The strong interest in the new STAR Market on the first day may have led to the lackluster performance of the Shanghai composite on the first day as investors flocked to the new market.

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93 Hits

US Futures are Higher This Morning as Markets Look to Close the Week on a Strong Note #Earnings #Fed

US futures are higher this morning as markets look to close the week on a strong note. In corporate earnings, Microsoft and American Express reported strong beats and both stocks are trading higher in the premarket. Markets globally are higher with the Nikkei leading a positive close in Asia and European markets are trading higher led by the CAC. New York President Williams had dovish statements in a speech yesterday which helped spark the rally in global markets.

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92 Hits

US Futures are Lower This Morning as Earnings Continue to Lead the Headlines #Earnings #Netflix #IBM

US futures are lower this morning as earnings continue to lead the headlines. Netflix is down sharply after reporting a loss in US subscribers while IBM is also down after reporting declining sales from its IT division. From the companies that have already reported earnings, about 84% have beat on the bottom line. But with most earnings estimates lowered coming into the quarter, the beats are not as significant, and investors look to more intricate data out of earnings reports for direction. Markets in Asia closed lower led by the Nikkei and European markets are trading lower led by the DAX. 

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88 Hits

US Futures are Flat This Morning as Earnings Season Begins #Earnings #Housing #TradeTalks

US futures are flat this morning as earnings season starts to ramp up. Bank of America, CSX and United Airlines were a few of the large companies that reported early this morning with CSX, the large transportation company, missing on the top and bottom lines. In economic data, housing starts fell 0.9% to an annual pace of 1.25 million while permits fell 6.1% to a 1.22 million pace. Most markets in Asia closed slightly lower led by the Nikkei while European markets are lower led by the DAX. Trade uncertainty continues to loom over global markets after President Trump suggested that China and the US have a “long way to go” on trade talks.

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100 Hits

US Stocks are Higher as Markets Continue to Rally to New Record Highs #Earnings #GDP #DAX

US stocks are higher this morning as markets continue to rally into new record highs. Bank earnings started with Citigroup reporting better than expected revenues while other large banks will follow later this week. Markets in Asia closed mostly higher despite data that showed that China’s GDP came in at only 6.2%, the lowest rate in about 27 years but this data met estimates. European markets are trading higher led by the DAX on the back of the data from China. No major US economic data is due today.

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98 Hits

U.S. Stocks are Set to Open Higher After a Record Close #Futures #PPI #IndustrialProduction

U.S. stocks are set to open higher after a record close. The S&P 500 and Dow Industrials both closed at record highs yesterday after the two-day testimony from Fed Chair Jerome Powell seemed to confirm that a rate cut is only weeks away. On the data front, the Labor Department reported that produces prices rose 0.1% in June and 1.7% year-over-year. European shares are trading higher after euro zone industrial production rose more than expected in May. Asian shares closed mostly higher after Chinese exports were not as weak as expected in June.

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760 Hits

U.S. Futures are Holding on to Gains After Data #Futures #CPI #Jobless

U.S. futures are holding on to gains after data. Consumer price inflation rose 0.1% in June and 1.6% year-over-year. After stripping-out food and energy, prices rose 0.3% in June and 2.1% on a year-over-year basis. Weekly jobless claims fell 13,000 last week to 221,000, about in line with expectations. Fed Chair Jerome Powell will complete his 2-day testimony in front of the House Financial Services Committee today. On the first day of testimony, markets felt his prepared statement and responses to lawmakers were dovish and concluded that a rate cut was coming in July. European shares are mixed with automotive stocks leading higher. The BOE Financial Stability report showed that British banks are capitalized well to handle both a no-deal Brexit and global trade war. Asian shares closed higher in a broad advance with strength in Japanese shares.

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101 Hits

U.S. Futures Spike Higher After Prepared Comments From Powell #Futures #FOMC #Powell

U.S. futures spike higher after prepared comments from Powell. Futures erased early losses and moved higher after prepared comments from Fed Chair Powell hinted at a rate cut. In two separate events today, investors will get a deeper look into the FOMC thinking. At 10am, Fed Chair Jerome Powell will testify in front of the House Financial Services Committee in Washington D.C. and later this afternoon, the FOMC minutes will be released from the June meeting. Both events could provide further insight into what the Fed may be thinking on the potential for interest rate cuts. Early today, weekly mortgage applications failed to improve despite lower rates, falling 0.1%. European shares are mixed with banks leading higher. Asian shares closed mostly higher with Chinese shares lagging the region. A report out of China showed consumer inflation rose 2.7% in June as food price inflation remains high.

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109 Hits

U.S. Futures are Lower Ahead of Powell Testimony #FOMC #Powell #JobsReport

U.S. futures are lower ahead of Powell testimony. Markets are looking for direction ahead of Fed Chair Jerome Powell’s testimony to the House Financial Services Committee tomorrow. Today, markets will get a look at job openings from May, which is expected to fall slightly from April. European stocks are mostly lower with automobile stocks lagging after BASF warned of a slowdown in the sector. Asian shares closed mostly lower, however, Japanese stocks managed to end the session higher.

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124 Hits

U.S. Stocks are Lower as Market Expectations for Fed Rate Cuts Change #Fed #RateCut #DeutscheBank

U.S. stocks are lower as market expectations for Fed rate cuts change. Following the stronger-than-expected jobs number on Friday, markets have lowered expectations for future rate cuts, pressuring stocks. There is no scheduled economic data for release today. European shares are mixed with basic material stocks leading. Germany’s largest lender, Deutsche Bank, announced a major restructuring that will include ending global equity sales and trading operations and up to 18,000 job cuts by 2022. Asian shares closed lower with Chinese stocks leading the losses.

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125 Hits

U.S. Futures are Holding on to Gains After Data #ADP #Jobless #ISM

U.S. futures are holding on to gains after data. ADP reported that private payrolls grew by 102,000 in June, below estimates for 140,000. First time claims for jobless benefits were 221,000 last week, about in line with the consensus estimate. On the trade front, the U.S. trade deficit widened in May to -$55.5B, higher than estimates of -$53.5B. Later this morning markets will get a look at factory order from May and the ISM non-manufacturing data from June. European shares are trading higher with consumer discretionary stocks leading and energy shares lagging. Yesterday, EU leaders agreed to nominate Christine Lagarde, former IMF Managing Director, to take over for Mario Draghi to lead the ECB. Asian shares closed mostly lower with Chinese shares leading the decline as reports that China’s service sector slowed in June.

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126 Hits

U.S. Stock Futures are Slightly Lower as Trade Remains in Focus #Tariffs #EU #Oil #OPEC

U.S. stock futures are slightly lower as trade remains in focus. Shortly after agreeing to a trade truce with China, the U.S. is now eyeing tariffs on an additional $4B in European goods for new tariffs. Tariff targeted goods include olives, cheese and whisky. On the data front, later this morning markets will get a look at motor vehicle sales from June. Oil prices are lower despite OPEC reaching a deal to extend production cuts for an additional 4 months to due to a weakening global economy. European shares are mostly higher despite new tariff threats and weaker U.K. construction activity. Asian stocks closed mixed with Chinese shares leading.

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975 Hits

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