S&P Futures are displaying gains after yesterday’s heavy selling pressure. Markets are reacting to President Trumps positive indication at the conclusion of the trade talks with Japan. Later today President Trump is scheduled to meet with the PM of Italy. Central banks news remains in focus with the ECB expected to announce a 25-basis point rate cut at 8:15am. Fed Chair Powell was hawkish in his comments yesterday and said that the Trump tariffs may create a “challenging scenario” for policymakers.” TSM is trading higher after its earnings & guidance release. The CEO said that they are not in joint venture talks with INTC. UNH is falling after an EPS miss and lower guidance. This morning on the economic calendar is the weekly jobs report and housing data (housing starts & building permits). After the bell today, NFLX is scheduled to release earnings.
