NewsWare’s Trade Talk: Tuesday, June 13

S&P Futures are trading slightly higher this morning. Markets are awaiting today CPI release which is expected to show that inflation has fallen on the year over year basis. China made a move to ease monetary policy; additional stimulus is likely as credit data is weak. ORCL is showing strong gains after its earnings report yesterday. HD is higher and sees mid to high single digit eps growth. In Europe, share are trading higher, Asian markets were also higher and oil is positive by 1% after yesterday's sell off.