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NewsWare's Trade Talk: Friday, April 12
Manage episode 412155354 series 3349023
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S&P Futures are slightly lower this morning. International events are playing a role in this morning's action. China is telling its telecom firms not to use foreign made chips. The Biden administration has added 6 Chinese companies to its blacklist. Iran is expected to launch a retaliatory strike within days. First quarter earnings season kicks off today with reports due out from a number of big banks. In Europe markets are displaying strong gains as inflation data is weakening. Oil prices are being support by Middle East tensions; IEA cut its forecast for oil-demand growth this year.
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