NewsWare’s Trade Talk: Friday, August 9

S&P Futures are moving higher this morning as yesterday positive momentum continues. Positive action this morning after earnings releases from GILD, TTD, SG, AKAM & EXPE. China's consumer inflation rose more than expected last month, highlighting some improving trends in the country. Middle East tensions are elevated as Israel is expecting hostile actions from Iran or one of its proxies over the weekend. In Europe, stocks are gaining but have come down from their highs, and oil prices are moving ticking higher.