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NewsWare's Trade Talk: Tuesday, June 4
Manage episode 421934470 series 3349023
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S&P Futures are displaying negative sentiment this morning which is mainly due to yesterday's weak PMI reading. Autos, banks, oil and tech stocks are moving lower. Today's key economic data point is the JOLT's report due out 30 mins after the opening bell. After the bell today waht for earnings reports from CrowdStrike, Hewlett Packard Enterprise, Bath & Body Works & PVH. Markets in India fell hard overnight due to the countries election results. India's downward move is likely contained. In Europe, markets are in the red. The ECB announcement is scheduled for Thursday. Oil prices are down hard as market price in weaker economic growth along with pending increases in OPEC production.
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