NewsWare’s Trade Talk: Wednesday, December 27

S&P Futures are flat again this morning. Geopolitical issues are in focus today as Middle East tensions remain elevated. Major shippers are once again navigating through the Red Sea as the international maritime task force increase the safety of tanker traffic. No major economic reports due out today and the calendar is light for the reminder of the week. Next Wednesday, Jan 3rd the Fed will be releasing its meeting minutes and on Friday Jan 5th the Dec Non-Farms payroll data will be released. European markets are trading higher after being closed yesterday. Sentiment remains positive due to rate cut expectation from the Central Banks in 2024. Oil is prices are lower, giving back some of yesterday's big gains.