NewsWare’s Trade Talk: Friday, June 21

S&P Futures are slightly lower this morning as the recent AI rally is starting to fade. Canada is said to be considering tariffs on Chinese electronic vehicles. Markets to focus on the release of Purchasing Manager data due out after the open. FDX, MU & NKE are set to release earnings next week. In Europe, markets are negative as Flash PMI data in Europe came in weaker than expected. Oil prices are tick slightly lower but remain on track for a weekly gain. European PMI data is said to be the catalyst for this morning's weakness.