NewsWare’s Trade Talk: Monday, July 28

S&P Futures are indicating a higher opening this morning as the markets prepare for one of the busiest weeks of years. The big news event is the announcement of a U.S. EU trade agreement over the weekend. This was widely expected, and markets are waiting for some additional clarity on the details. China and the U.S. are meeting in Sweeden today for another round of trade talks. Expectation is for another 90 days pause on tariffs. The Trump administration is expected to announce the results of a national security investigation into semiconductor imports within the next two weeks. Trade Agreements, Earnings Fed decision and a host of key economic datapoint will dominate this week's trading. On Sunday, President Trump announced deal with E.U. imposing 15% tariffs and averting trade war. Bangladesh ordered 25 Boeing planes in effort to lower tariffs. An announcement of a trade deal with India is unlikely this week as talks are scheduled for later next month. On the earnings front, PG, UNH, AZN, MRK, BA, SPOT & UPS are all releasing earnings tomorrow morning.