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NewsWare's Trade Talk: Tuesday, October 1
Manage episode 442979808 series 3349023
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S&P Futures are flat to higher this morning with a focus on pending data releases on manufacturing and employment this morning. Fed Chair Jerome Powell sees more rate cuts this year. MKC delivered a strong earnings beat this morning, NKE earnings are due out after the bell. Labor unrest continues as east coast port workers go on strike. Boeing is working on plans to raise at least $10 billion by selling new shares, union strike continues to weigh on share price. Pepsi is said to be in advanced talks to acquire tortilla-chip maker Siete Foods for +$1B. Israel has launched ground operations into southern Lebanon. In Europe, markets are mostly higher as traders price in another rate cut by the ECB. Oil prices are down this morning with geopolitical issues and expected production volume increases in focus.
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