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NewsWare’s Trade Talk: Friday, November 1
S&P Futures are higher this morning in reaction to earnings reports. AMXN, INTC, CVX, CAH and XPM are higher after earnings, AAPL is lower as the street was not impressed with their forward guidance. Today attention will be on the Non-Payrolls report which is expected to come in lower from the Sept figures which would be positive for the markets as it would provide additional confidence for a rate cut next week by the Fed. Shares of Boeing are active as the company has issued a new proposal in an effort to end strike. Vote is Monday and appears likely to pass. Markets will soon start to display caution ahead of the election. The race is too close to call and markets do not like uncertainty. In Europe, markets are rebounding with all three major indexes in the green. Oil prices are spiking higher on reports that Iran is planning retaliatory strikes in the next few days.