NewsWare’s Trade Talk: Thursday, April 11

S&P Futures are lower this morning as markets remain bearish due to yesterdays CPI report which showed another month of rising inflation. As a result, the odds of a Fed rate cut are being push out to September. Markets are monitoring the headlines out of the Middle east as tensions are escalating. This morning, we have inflation indicator report being release, as the PPI final demand data is due out before the opening bell. Big banks will be active today with C, JPM, WFC set to release earnings tomorrow morning. Shares of FAST & KMX are lower after weaker than expected results In Europe markets are little changed in anticipation of this morning's ECB announcement. Oil prices are being support by geopolitical risk and expectation for positive near-term demand.