NewsWare’s Trade Talk: Wednesday, September 27

S&P Futures are rebounding this morning. Key overnight news item was the release of Industrial profits data out of China which came in strong. The PBOC says the Chinese economy has increasing momentum and alluded to additional support measures. Debt ceiling bill talks remain stagnant, odds of a shutdown are raising. A government shut down will result in economic data & SEC filings not being released. In Europe, stocks are mostly higher, with tech, industrials, media and energy stocks gaining. Oil futures are display strong gains this morning as the news out of China is an indication that demand will remain strong.