NewsWare’s Trade Talk: Tuesday, September 10

S&P Futures are flat to lower this morning as the earnings and economic calendars are light today. ORCL delivered a positive earnings report last night plus they announced deals with cloud providers. EU regulators uphold fines to AAPL & GOOG. Congress passed legislation to cut off U.S. government funding for Chinese biotech companies deemed national security risks. AAPL's iPhone release came in as expected. Trade tensions with China remain a concern as exports grew while imports fell.
On Thursday there is an ECB announcement where a rate cut is being anticipated. In Europe, markets are slightly lower, and oil prices are giving back yesterday's gains as China consumption remains cautious.