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US Futures Pare Losses After Strong Earnings #earnings #bonds #futures

US Futures pare losses after strong earnings.  Strong earnings from Boeing helped reverse early losses this morning, with markets now trading only mildly lower.  Treasury yields have remained stubbornly high with the 10 year holding the 3% level overnight.  At 10:30am, the EIA will release the latest crude oil and gasoline inventories from the prior week.  European shares are mostly lower with materials stocks leading the declines.  Asian shares closed mostly lower as a risk-off sentiment prevailed during the market session.

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20 Hits

US Futures are Higher as Earnings Season Kicks Into Gear #earnings #equities #futures

US Futures are higher as earnings season kicks into gear.  Over 180 S&P 500 companies will report first quarter earnings this week which will help provide direction for stocks.  Later this morning the market will get an early look at the Purchasing Managers Index for April as well as March existing home sales.  European shares are mixed with improving PMI’s in Germany and France and mixed earnings results.  Asian shares closed mostly lower with technology stocks leading the declines.

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31 Hits

US Futures Are Flat To End The Week #earnings #GE #OPEC

US Futures are flat to end the week.  Positive earnings from the likes of GE and Honeywell have not been enough to push markets higher this morning.  Oil prices have retreated slightly after President Trump tweeted about OPEC keeping oil prices artificially high and pledged to do something about it.  There is no scheduled economic data this morning.  European shares are mixed with telecom stocks leading higher.  Asian shares closed lower with technology shares leading the decline.

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54 Hits

US Futures are Lower as Oil and Treasury Yields Rise #earnings #bonds #futures

US Futures are lower as oil and Treasury yields rise.  Crude oil futures rose above $69 this morning, the highest level since late 2014.  The 10yr Treasury is approaching recent highs at 2.90%.  In economic data, weekly jobless claims were slightly higher than expected at 232K, while the Philadelphia Fed business outlook survey was stronger than expected in April at 23.2.  European shares are mixed with consumer goods companies underperforming.  Asian shares closed higher with China’s Hang Seng Index leading the advance.

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51 Hits

US Futures are Trading Higher as Earnings Improve #earnings #FOMC #futures

US Futures are trading higher as earnings improve.  Strong earnings continue to provide a bid to the market.  Earnings from Morgan Stanley, United Continental and CSX have helped to lift shares this morning.  Later this morning crude and gasoline inventories will be released for last week.  At 2pm, the Fed’s Beige Book will give the market a look at economic conditions that the Fed will consider during their May 1-2 meeting.  European shares are mostly higher despite weaker than expected automobile registrations in Europe.  Inflation data in the U.K. and euro zone were softer than expected in March.  Asian shares closed higher, with bank stocks leading in China, after China’s central bank lowered the reserve requirements for most banks.

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43 Hits

US Futures Look to Extend Monday's Gains #futures #earnings #stocks

US Futures look to extend Monday’s gains.  US futures are up around 0.6% premarket as earnings news dominates the headlines.  On the data front, March housing starts and building permits both beat expectations.  At 9:15am, the market will get a look at March industrial production.  European shares are trading higher despite a weaker than expected economic confidence number in Germany.  Materials shares are leading European markets higher.  Asian shares closed mostly lower.  Chinese Q1 GDP and March retail sales beat estimates, however, industrial output and fixed investment missed estimates.

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49 Hits

US Futures are Higher as Earnings Take Focus

US Futures are higher as earnings take focus.  Several S&P 500 companies will report earnings this week with expectations for a strong quarter.  This morning, the market has ignored a weekend attack by the U.S., U.K. and France on several sites in Syria that were believed to be key locations for their chemical weapons program.  On the data front, March retail sales beat estimates, while the Empire manufacturing index for April was below expectations.  Later this morning the market will get a look at February business inventories and homebuilder confidence in April.  European shares are mostly lower, giving up earlier gains.  Asian shares closed mixed with Japan’s Nikkei leading to the upside.

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59 Hits

US Futures are Higher as Earning Season Kicks Into Gear

US Futures are higher as earnings season kicks into gear.  Citigroup, Wells Fargo and J.P. Morgan Chase all reported earnings this morning that beat analyst estimates, giving a strong start to the Q1 earnings season.  Later this morning the market will get a preliminary read on April consumer sentiment and February job openings.  European shares are higher with material stocks leading the gains.  Asian shares closed mixed as Chinese exports in March missed expectations.

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56 Hits

US Futures Rise After President Trump Clarifies Tweet About Syria

US Futures rise after President Trump clarifies tweet about Syria.  In an early morning tweet today, President Trump said that an attack on Syria was not necessarily imminent.  The latest tweet was enough to send futures higher by 0.5%.  In economic data, jobless claims fell by 9k to 233k last week.  March import prices were unchanged for the month, while export prices rose more than expected.  On an annual basis, import prices rose 3.6% y/y, while export prices are up 3.4% y/y.  European shares are higher with energy stocks leading the advance.  Asian shares closed lower with the Chinese Shanghai leading the declines.

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68 Hits

US Futures are Lower as Tension With Russia Over Syria is Front and Center

US Futures are lower as tension with Russia over Syria is front and center.   President Trump advised Russia to be ready for missiles launched at Syria as Russia vowed to shoot them down.  US futures immediately reacted to the tweets, dropping 100 Dow points.  In economic data, CPI was softer than expected on a month-over-month basis, however, core and year-over-year data were inline with expectations.  Later this morning the market will get the latest readings on crude and gasoline inventories.  At 2pm, the Fed will release the minutes from the March meeting.  The market will be looking for any discussion on the trade dispute affecting policy and/or any changes in style as Jerome Powell takes the lead.  European shares are lower with consumer stocks leading the decline.  Asian shares closed mixed, failing to hold on to gains.  Japanese shares closed lower despite a better than expected core machinery orders in February.

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71 Hits

US Futures Rise as Chinese President Xi Jinping's Comments Points to Trade Progress

US Futures rise as Chinese President Xi Jinping’s comments points to trade progress.  Chinese President Xi Jinping announced plans to reduce tariffs on imported automobiles and other products and is committed to enforcing intellectual property rights of foreign companies.  In economic data, March producer prices rose more than expected, rising 0.3% m/m.   European shares are higher with materials stocks leading the advance.  Asian shares bounced after President Xi’s remarks and closed higher across the board.

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82 Hits

US Futures are Looking to Bounce Back After Friday's Decline

US Futures are looking to bounce back after Friday’s decline.  US futures are rising around 0.5% this morning as technology stocks and commodities rebound.  There is no economic data scheduled for release today.  European shares are mixed with financial stocks outperforming.  In Germany, exports unexpectedly fell in February, marking the largest drop since 2015.  Asian shares closed higher with technology and financial stocks leading the gains.  Markets will be monitoring a planned speech by Chinese President Xi Jinping on Tuesday for further details on trade discussions.

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70 Hits

FUTURES REMAIN LOWER AFTER JOBS DATA

 

Futures remain lower after jobs data.  March non-farm payrolls rose less than expected, rising by 103K for the month.  The unemployment rate held steady at 4.1% while the participations rate fell slightly to 62.9%.  On the wage front, average hourly earnings were in-line with expectations rising 0.3%m/m and 2.7% y/y.  Late yesterday, President Trump said the US should consider an additional $100B in tariffs against China and China responded that they will fight back against any additional US actions.  Later this afternoon, Federal Reserve Chair Jerome Powell with be speaking at the Economic Club of Chicago.  European shares are lower with basic material stocks leading the declines.  Asian shares closed mixed despite trade rhetoric.

 

US Futures Lower / Asia Mixed / EU Lower / WTI @ 63.17 -0.37 / Brent 68.13 -0.20 / Nat Gas @ 2.70 +0.02 / Gold @ 1325.44 -1.13 / Platinum 910.03 -2.52 / Silver @ 16.42 +0.06 / Copper @ 3.04 -0.04 / AGS Mixed / Euro @ 1.2221 -0.0019 / 10 Yr UST @ 2.81% / 30 Yr @ 3.06%

 

 

DISCLAIMER: THIS MATERIAL MAY CONTAIN INACCURACIES AND TYPOGRAPHICAL ERRORS. UNITED ASSET DOES NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE MATERIALS OR THE RELIABILITY OF ANY ADVICE, OPINION, STATEMENT OR OTHER INFORMATION DISPLAYED OR DISTRIBUTED THROUGH THE SITE.

 


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64 Hits

US Futures extend rally from strong rebound on Wednesday.

 

Stocks bounced yesterday after the Trump administration downplayed concerns over a trade war.  On the data front, weekly jobless claims rose 24k last week to 242K, slightly higher than expected.  The international trade deficit grew more than expected to 57.6B in February.  European shares are rallying with technology shares leading the gains in mid-day trading.  German new manufacturing orders came in lower than expected in the latest reading.  Asian shares closed mostly higher as trade war fears ease.


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84 Hits

US FUTURES DROP AFTER RETALIATORY TARIFF PROPOSAL BY CHINA.

 

China has proposed a 25% tariff on over 100 US exports including automobiles, soybeans, aircraft, orange juice and many others.  This additional tariff would be on top of any tariffs already in place.  On the data front, the March ADP employment report came in stronger than expected as private companies added 241k jobs for the month and February was revised higher by 11k jobs.  Later this morning the market will get data on February factory orders and the March ISM non-manufacturing index.  European shares are trading lower with technology shares leading the decline.  Asian markets closed mixed with Japan’s Nikkei closing slightly higher.

 

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79 Hits

US Futures Rebound After Yesterday's Rout

US Futures rebound after yesterday’s rout.  US futures are rising by more than 0.75% as stocks look to bounce back after a rough start to Q2.  On the data front, March motor vehicle sales will be released with a consensus estimate for 17M annualized unites.  In a surprise announcement, GM said going forward they will no longer announce monthly sales figures and will move to quarterly reporting to smooth-out the sales figures.  European shares are mostly lower, with technology shares lagging, in their first trading day after the Easter Monday holiday.  Asian shares closed mostly lower with technology shares lagging.

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84 Hits

US Futures Are Lower on the First Trading Day of Q2

US Futures are lower on the first trading day of Q2.  After nine consecutive quarterly gains for S&P 500 stocks, the S&P 500 recorded its first quarterly loss since the third quarter of 2015.  To start the quarter, this week will see heavier than usual economic data.  Later this morning the market will get a look at the March PMI manufacturing index, ISM manufacturing index and February construction spending.  To end the week we will get readings on March employment and wage situation.  Most European markets are closed today for Easter Monday.  Asian shares closed mostly lower after China announced a new round of tariffs on US goods.

 

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83 Hits

US Futures are Higher on the Final Trading Day of Q1

US Futures are higher on the final trading day of Q1.  On the economic front, weekly jobless claims fell 12k to 215k.  February personal income and spending both matched expectations with income rising 0.4% and spending rising 0.2%.  Core PCE was slightly higher than expectations, rising 1.6% yoy.  Later this morning the market will get data on Chicago PMI and a final read on March consumer sentiment.  European stocks are trading higher after German unemployment fell to 5.3%, a record low.  Asian shares closed mostly higher with China’s Shanghai leading the gains.  Technology shares continued to lag other sectors.

 

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83 Hits

US Futures Are Trying To Hold Gains After Data

US Futures are trying to hold gains after data.  The final read of Q4 GDP came in stronger than expected at 2.9% vs estimates of 2.7%.  Additionally, the February trade deficit was larger than expected at $75.4B vs estimates $74B.  Later this morning the market will get data on February pending home sales and crude/gasoline inventories.  European shares are trading lower with technology shares underperforming.  Asian shares closed lower with technology shares leading the declines.

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80 Hits

US Futures Are Advancing After Monday's Strong Rally

US Futures are advancing after Monday’s strong rally.  At 9am, the market will get info on home prices from January, followed by consumer confidence in March at 10am.  The market is expecting home prices to rise by 0.7% m/m and consumer confidence to rise slightly to 131 from 130.8 in February.  European shares are higher with technology and materials shares leading the gains.  Asian shares closed higher as trade tensions eased.  Chinese chipmakers lagged on reports that China may buy more semiconductors from the US.

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84 Hits

US Futures Rally After Friday Pullback

US Futures rally after Friday pullback.  Futures are rising after reports of a Chinese concession to buy more US semiconductors and improve access to US firms in China to help reduce the trade gap.  European shares are mostly higher with health care stocks leading the gains.  Asian shares closed mixed as markets stabilize after Friday’s rout.

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91 Hits

US Futures Have Pared Losses, Trading Near Morning Highs

US Futures have pared losses, trading near morning highs.  Last night the Senate passed a $1.3T spending bill to avoid another government shutdown.  The spending bill will fund the government through September and includes additional funding for the military, border security, infrastructure, opioid epidemic and gun background check spending.  In economic data, February preliminary durable goods were much stronger than expected.  At 10am, new home sales data from February will be released.  European shares are trading lower, but off the lows, with material stocks lagging.  Asian shares closed sharply lower after new tariffs spark additional trade war fears.

 

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93 Hits

US Futures Are Trading Near The Morning Lows

US Futures are trading near the morning lows.  As expected, the Federal Reserve raised interest rates by 0.25% and upgraded the economic outlook.  When asked about dot plots and 3-4 hikes this years, Chairman Powell made it clear that dot plots are projections based on current information and are subject to change and the focus should be on the current action which was a move of 0.25%.  The 10 year Treasury rate rose yesterday on the news, but is retreating today as equities fall.  Weekly jobless claims rose 3k last week to 229k.  Later this morning the market will get flash PMI data from March.  European shares are significantly lower with technology shares underperforming.  Asian shares closed mixed with Japanese stocks outperforming.

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103 Hits

US Futures Are Slightly Lower On Fed Day

US futures are slightly lower on Fed Day.  At 2pm the FOMC policy decision will be released, followed by Jerome Powell’s first post-meeting press conference at 2:30pm.  Markets will likely be focusing on the dot plots for indications of 4 rate hikes this year instead of 3.  Later this morning, February existing home sales will be released followed by crude and gasoline inventories from last week.  European shares are lower with materials stocks leading the declines and utility stocks outperforming.  Asian shares failed to hold on to gains, closing mostly lower.

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109 Hits

US Futures Are Little Changed As The Two-Day Fed Meeting Begins

US Futures are little changed as the two-day Fed meeting begins.  With the Fed meeting announcement at 2 pm tomorrow, markets have already priced in a 0.25% rate hike, however, will be looking at the dot plot for projections on future rate hikes.  The market is currently pricing in three rate hikes for this year in March, June and September.  European shares are trading higher with financial stocks leading the gains and technology shares lagging.  Asian shares closed mixed, led lower by Japan’s Nikkei, logging the third straight day of losses.

 

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109 Hits

US Futures Are Lower To Start The Week

US Futures are lower to start the week.  This week is light on economic data, but does include the March FOMC policy decision at 2pm on Wednesday.  The markets are expecting the Fed raise rates by 0.25% at Wednesday’s meeting.  Technology shares are leading the losses in the pre-market as concerns rise over increased regulation over big tech names.  European shares are lower with technology shares leading the losses.  Increased speculation of the ECB talking rate hikes has also spooked the markets.  Asian shares closed mixed, with Japanese shares underperforming.

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98 Hits

MLP Ruling

In a surprise ruling, the Federal Energy Regulatory Commission overturned its long-standing policy to allow MLPs ability to recover a tax allowance in its rate base, which could lead to a reduction in tariffs and therefore distributable cash flow, which supports their high dividend payouts.  This primarily impacts natural gas interstate pipeline companies and it is estimated to reduce EBITDA by 1%-5% for those pipelines.  Our analysts are continuing to evaluate the impact of the ruling on the pipeline sector.  We would encourage you to contact United Asset if you have questions on this or any other matter.

 

 

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133 Hits

US Futures Are Mixed To End The Week

US Futures are mixed to end the week.  February housing starts disappointed investors falling 7%, while housing permits were in-line with expectations, falling 5.7% for the month.  At 9:15am, the market will get data on February industrial production and capacity utilization.  Later in the morning will be March preliminary read on consumer sentiment and job openings data from January.  European shares are higher with financial services stocks leading the gains.  Inflation remained low in the euro zone in February, rising 0.2% for the month, 1.1% yoy.  Asian shares closed mixed with technology shares underperforming.

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124 Hits

US Futures Are Holding Slight Gains After Data

US Futures are holding slight gains after data.  Jobless claims fell 4k to 226k last week, slightly below expectations.  March Philadelphia Fed outlook survey was slightly below expectations at 22.3, however, the March Empire Manufacturing Index was well above expectations at 22.5.  On the inflation front, the Labor Department reported that import prices in February rose more than expected, while export prices rose less than expected.  At 10am, the market will get a look at homebuilder confidence in March, with expectations of no change from February.  European shares are trading higher with all sectors trading higher.  Asian shares closed mostly higher.  Sector performance was mixed with retailers leading gains.

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106 Hits

US Futures Are Higher Despite Disappointing Retail Sales Data

US Futures are higher despite disappointing retail sales data.  The Commerce Department reported that retail sales fell for the third consecutive month in February, falling 0.1% against expectations of a rise of 0.3%.  January retail sales was revised higher, but remained negative for the month.  In other data, producer prices ex-food and energy rose 0.2% (2.5% yoy) in February, slightly above expectations.  European shares are higher with materials stocks leading the gains.  Asian shares closed lower after President Trump proposed additional tariffs on $60B of Chinese exports.

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115 Hits

US Futures Are Higher As Inflation Remains Under Control

US Futures are higher as inflation remains under control.  The Department of Labor reported that consumer prices rose 0.2% in February, matching expectations.  Core CPI was also up 0.2% and headline inflation was up 2.2% yoy, both matching expectations.  US futures have pared gains after reports that Rex Tillerson will be replaced by CIA Director Mike Pompeo as Secretary of State.  European shares are mixed with utility shares leading to the upside.  Asian shares closed mixed with banks leading higher.

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122 Hits

US Futures Are Higher To Start The Week

US Futures are higher to start the week.  US stocks look to extend Friday’s gains after the strong employment report on Friday.  There is little in the way of economic data today, however, this afternoon the Treasury will report on the monthly surplus/deficit of the federal government from February.  The Treasury budget will give an early look at the effects of the tax cuts.  European shares are trading higher with utilities stocks leading the gains.  Asian shares closed higher with technology and energy shares leading the gains.

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110 Hits

The Return of Volatility

2017 was a year characterized by abnormally low levels of market volatility. To put this in perspective, there were only 8 trading days in 2017 where the S&P 500 Index moved more than 1% and NO 2% moves. Volatility has returned in 2018, with 14 trading days with 1% moves and 3 trading with 2% moves.

In our view, concerns about inflationary pressures, policy uncertainty and geo-political risks will result in ongoing market volatility. United Asset is well prepared for this return to volatility, as many of our investment offerings include active management with a focus on downside risk management; the hallmark of United’s investment philosophy.

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178 Hits

US Futures Jump on Strong February Jobs Data

US Futures jump on strong February jobs data.  February non-farm payrolls jumped 313k, not including a 54k higher revision for December and January combined.  The market likes this data as the participation rate is rising and the unemployment rate has remained unchanged.  Additionally, the small increase in average hourly earnings eased inflation fears. In political news, President Trump agreed to meet with North Korean leader Kim Jong Un in coming weeks to discuss their nuclear program.  European shares are higher, rising after US economic data.  Asian shares closed higher across the board.  The Bank of Japan kept monetary policy unchanged as expected.

 

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116 Hits

US Futures are Higher as The Market Awaits Details of Tariff Plan

US Futures are higher as the market awaits details of tariff plan.  President Trump is set to host a meeting today at 3:30pm to discuss details of the tariff plan.  On the data front, weekly jobless claims rose to 231k, above the 220k expected.  European shares are mostly higher after the ECB policy decision.  As expected, the ECB left rates unchanged.  The announcement was considered somewhat “hawkish” as the ECB omitted the pledge to increase QE if needed.  Asian shares closed higher as tariff related fears eased on exemption rumors.  Chinese exports were reported above expectations, rising 44.5% (46.1% to US) in February vs February of last year.  Some seasonal effects and yuan weakness had some impact on the February numbers, however, the gains are still very large.  Japan’s Q4 GDP was revised higher to 1.6% from the initial report of 0.5%.

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135 Hits

US Futures Are Lower After Chief Economic Advisor Gary Cohn Resigned

US Futures are lower after chief economic advisor Gary Cohn resigned.  US futures immediately dropped after the rumors turned to reality and Gary Cohn resigned as chief economic advisor.  Cohn was an integral part of the passage of tax legislation and was popular with Wall Street.  The President is said to have many interested parties for the job and will make a careful decision shortly.  On the data front, February ADP was stronger than expected, with an increase of 235k private payrolls.  On the trade front, January’s trade balance showed a larger than expected deficit of $56.6B.  At 2pm, the Fed will release the latest Beige Book report for the upcoming monetary policy meeting.  European shares are mixed with material stocks underperforming due to US tariff discussions.  Asian shares closed lower as trade wars are back in focus.

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125 Hits

US Futures Extend Gains After Comments From North Korea

US Futures extend gains after comments from North Korea.  North Korea has made comments that it would not need a nuclear program if the regime does not have a military threat against them.  The comments are viewed as an opening to discussions with the South over ending their nuclear aspirations.  On the data front, January factory orders are due out at 10am, with the market expecting a m/m decline of 1.2%.  European shares are higher despite uncertainty around Italian elections.  Auto stocks are leading higher after positive comments from Volkswagen.  Asian shares closed higher with exporters leading as trade war fears wane.

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138 Hits

US Futures are Lower This Morning as Investors Continue to Weigh the Impacts of Tariffs on Steel and Aluminum Imports

US futures are lower this morning as investors continue to weigh the impacts of tariffs on steel and aluminum imports.  Tweets from President Trump created more uncertainty after he tweeted that he may potentially apply a tax on European automakers and then earlier this morning, Trump’s newest tweet seems to have open the door to reducing or removing the tariffs.  Economic data due out later this morning include the services PMI and non manufacturing ISM.  Markets in Asia closed mostly lower with the Hang Seng closing sharply lower while the Shanghai index closed flat.  European markets are trading mixed as early projections show Italy will have a hung parliament following their election Sunday. 

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134 Hits

United Asset's very own Erin Gibbons contributes to CNBC's article about Social Security Advice

click her for the article http://a.msn.com/01/en-us/BBJKCm8?ocid=se

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222 Hits

US Futures Are Lower As The Market Digests The Trump Tariff Announcements

US Futures are lower as the market digests the Trump tariff announcements.  US markets are looking to extend losses from yesterday after President Trump announced the US would impose 10 and 25% tariffs on imported aluminum and steel respectively.   The markets are concerned that the tariff announcements will cause retaliation from trade partners and cause additional uncertainty for the market.  On the data front, at 10am the market will get the final read on consumer sentiment in February.  European shares are trading lower, with industrial and auto stocks leading the decline.  Asian shares closed lower, with losses in steel and auto stocks leading lower.

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146 Hits

US Futures Have Climbed Back to Unchanged After Data

US Futures have climbed back to unchanged after data.  Jobless claims fell 10k last week to 210K.  Personal income and spending rose 0.4% and 0.2%m/m in February, respectively.  The market seemed to find comfort in the fact that core PCE was reported inline with forecasts, holding off rising inflation fears.  Later this morning the market will get data on construction spending in January and manufacturing in February.  At 10am, Fed Chair Jerome Powell will testify before the Senate Banking Committee.  European shares are trading lower, with the German DAX leading the declines.  Asian shares closed mixed, with China higher on stronger than expected manufacturing data.

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126 Hits

US Futures Are Slightly Higher After Data

US Futures are slightly higher after data.  A second look at Q4 GDP was reported inline with forecasts at 2.5% vs the previously reported 2.6%.  Later this morning the market will get a read on February Chicago PMI, January pending home sales and crude inventories from the previous week.  European shares are mostly lower, with most sectors trading down.  Asian shares closed lower, as Chinese manufacturing PMI and Japanese industrial output both missed expectations.

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143 Hits

US Futures Are Higher To Start The Week

US Futures are higher to start the week.  On the data front, new home sales for January will be out at 10am, with a consensus estimate of 600k annualized rate.  European shares are trading higher, with most sectors trading higher, led by technology shares.  Asian shares closed higher, with China’s Shanghai composite leading as technology shares outperformed.

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134 Hits

US Futures are Higher Ahead of Monetary Policy Report

US Futures are higher ahead of Monetary Policy Report.  At 11am, the Fed will release its Monetary Policy Report which is likely to be an outline of what Fed Chairman Powell will deliver to the Financial Services Committee next week.  European shares are mostly higher with Telecom stocks leading higher.  Asian shares closed mostly higher.  In Japan, consumer prices rose 0.9% in January, slightly above expectations.  Chinese regulators decided to take control of insurer Anbang for 1 year as recent moves by the company has called to question their solvency.

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144 Hits

United Asset Strategies Makes The Forbes Top 50 Wealth Advisors in New York State

United Asset Strategies, Inc. is pleased to announce it has been named to this year’s Forbes’ Best-In-State Wealth Advisors list in New York. The list spotlights over 2,000 top-performing advisors across the country, resulting in a Top 50 List for New York State – United was the 19th ranked advisor on this NYS list.

According to Forbes, their ranking has been developed by SHOOK Research and is based on a combination of qualitative and quantitative criteria, starting with telephone and in-person due diligence interviews. Those advisors that are considered are then evaluated based on several criteria, namely years of experience, revenue trends, assets under management, compliance records and those that encompass best practices in their approach to working with clients.

For the complete article, go to http://www.forbes.com/best-in-state-wealth-advisors/#5c56e374291d

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170 Hits

US Futures are Higher After Digesting Yesterday's Fed Minutes

US Futures are higher after digesting yesterday’s Fed minutes.  Yesterday, the Fed released the minutes from the January meeting, revealing a discussion of an uptick of inflation and improved economic growth.  The minutes sent Treasury yields higher and equities lost their gains.  This morning, futures have strengthened throughout the morning, now near the highs of the day.  In economic data, weekly jobless claims fell by 7k last week to 222K.  European shares are mostly lower with material and energy shares underperforming.  Asian shares closed mixed, led higher by China’s Shanghai composite after re-opening from the Lunar New Year holidays.

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155 Hits

US Futures are Higher Ahead of Fed Minutes

US Futures are higher ahead of Fed minutes.  Later today the Fed will release the minutes from the January FOMC meeting.  Investors will be looking for clues on future interest rate changes and the outlook for inflation.  Also later this morning, investors will get an early look at February PMI and existing home sales from January.  European shares are mostly lower with energy related shares lagging.  Eurozone PMI slowed in February, while unemployment rose slightly in the U.K..  Asian markets closed mostly higher with manufacturers leading higher.

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148 Hits

US Futures Are Lower After Market Holiday

US Futures are lower after market holiday.  US stocks look to open lower by about 0.5% as Treasury yields continue to rise.  European shares are mostly higher, however, bank shares are underperforming on weaker earnings.  Asian shares closed mostly lower with financials and energy related names lagging.

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132 Hits

US Futures Are Lower After Strong 5-Day Gains

US Futures are lower after strong 5-day gains.  Futures have drifted lower this morning and now are at the weakest levels of the morning.  Housing starts and permits from January both came in stronger than expectations.  Import and export both rose more than expected, with import prices up 1% m/m and export prices rising 0.8% m/m.  At 10am the market will get a preliminary look at consumer sentiment in February.  European shares are higher are strong earnings.  Many Asian markets were closed for Lunar New Year.  Of the markets that were open, shares closed mixed with the Japanese Nikkei leading higher.  Bank of Japan Governor Haruhiko Kuroda was re-appointed to a new 5-year term, indicating current stimulus policy will continue.

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142 Hits

US Futures Hold-On To Gains After Data

US Futures hold-on to gains after data.  Jobless claims rose by 7k to 230k last week.  Producer prices in January came in hotter-than-expected at 0.4% m/m and 2.7% y/y, adding to the rising inflation data.  The Empire State manufacturing survey disappointed in February at 13.1 vs expected 17.5.  The Philadelphia Fed business outlook survey was stronger than expected in February at 25.8.  European shares are higher, being led higher by materials stocks.  Asian shares closed higher, also led by materials and energy related shares.

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135 Hits

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