NewsWare‘s Trade Talk: Friday, November 19

S&P Futures are trading lower this morning with bond yields declining amid rising Covid-19 cases and acceleration of restrictions in Europe. Austria is going into a nationwide lockdown starting Monday, with restaurants and retail sectors to close. Areas in Germany are also going into a partial lockdown next week. Oil prices are lower as due to the new lockdowns and indications that OPEC countries have increased their production. Retail stocks remain in focus with earnings reports due out today from Foot Locker and Buckle.