NewsWare’s Trade Talk: Friday, January 5

S&P Futures are displaying weakness this morning ahead of this morning key employment report which is due out 1 hour before the opening today. Markets are reducing expectations on a March rate cut which is causing equities to slide. This morning we are also seeing selling pressure in Europe; selling is broad based as trade disputes with China and economic releases being the major factors. Oil prices are higher and should end the week out with a gain.