Schaeffer's Opening View The March PPI was released earlier
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| | | 4/11/2019 | |
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| Dow Futures Up; Oil Set to Slump | | By Karee Venema | | Dow Jones Industrial Average (DJI) futures are struggling for direction this morning, with traders taking a cautious stance before the start of first-quarter earnings season, which unofficially kicks off tomorrow with an onslaught of big bank earnings. At last check, the blue-chip index was signaling a modestly higher open, after the Wall Street Journal indicated Beijing was considering offering concessions in opening its cloud-computing sector to foreign companies as U.S.-China trade talks continue. Inflation data is also in focus this morning, with the producer price index (PPI) climbing a more-than-expected 0.6% last month, while core PPI -- which strips out food and energy prices -- was unchanged. Traders are watching oil prices, too, with May-dated crude last seen down 1.2% at $63.82 per barrel. Continue reading for more on today's market, including: | | >> Continue reading... | |
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