NewsWare’s Trade Talk: Tuesday, May 14

S&P Futures are flat to higher this morning with the pending release of the Producer Price Index in focus. Data is due out 1 hour before the opening bell and a reading of 0.3% expected. Tomorrow the attention will be on the CPI data. Fed Chair Jerome Powell is scheduled to speak at a conference this morning. The White House announced a slate of tariffs on China-made products ranging from steel to electric vehicles. In Europe, markets are flat to lower. Oil prices are slightly higher. OPEC released its monthly report this morning and kept is 2024 global oil-demand growth forecast at 2.2mbpd.