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S&P Futures are slightly lower this morning as the recent AI rally is starting to fade. Canada is said to be considering tariffs on Chinese electronic vehicles. Markets to focus on the release of Purchasing Manager data due out after the open. FDX, MU & NKE are set to release earnings next week. In Europe, markets are negative as Flash PMI data in Europe came in weaker than expected. Oil prices are tick slightly lower but remain on track for a weekly gain. European PMI data is said to be the catalyst for this morning's weakness.

S&P Futures are slightly higher with this morning with semiconductor stock leading the move. MU is scheduled to release earnings next week. There are a host of earnings reports this morning, but none after the close. Multiple Cental Bank meetings today, The BOE is making an announcement at 7:00 am, the Swiss National bank lowered rates by 25 basis points this morning. Jobless claims will be a key focus this morning. In Europe, markets are positive with central bank meetings in focus. Oil prices are tick slightly lower, with stockpile data to be released after the opening bell.

S&P Futures are slightly higher with this morning report on Retail Sales in focus. Estimated are looking for a gain of 0.20 in May after a soft April reading. Statements from Fed officials on a possible December rate cut is helping tech stocks. Today the calendar is packed with a host of Fed speakers. LZN & LEN reported positive earnings last night, LEN's pricing margins were weaker than expected. Shares of Boeing are lower as the DOJ considers taking action, tomorrow the CEO is scheduled to appear before the Senate. In Europe, markets are positive with gains in banks, travel and tech. Oil prices are tick slightly lower, with this afternoon's stockpiles report in focus.

S&P Futures are showing signs of weakness as economic data out of China was mixed and a rally in European stocks is fading. There are a host of Central Bank meeting this week and tomorrow. Tuesdays Retail Sales report will be the key data point for this week. This afternoon we have earnings reports due out from LZB & LEN. Shares of Autodesk are higher as Starboard is said to have taken a position in the company. In Europe, markets are given back the strong open bell gains and are not mixed to higher. Oil prices are tick lower on economic reports from China.

S&P Futures are headed for a weaker opening this morning as markets in Europe slide. MSC Industrials issued a profit warning overnight, which is an indication of the state of growth in the economy. ADBE reported positive earnings overnight. ARM is being added to the NASD-100 index. Economic calendar is rather light this morning. In Europe, markets are lower as political concerns in France have indices non edge. Putin is said to have outlined conditions for peace talks with Ukraine which comes after G7 support yesterday. Oil prices have reversed course and are now trading higher.

S&P Futures are flat to higher this morning ahead of this mornings PPI report for May. President Biden is in Italy for the G7 summit, Ukraine, AI risks & migration issues being discussed. TSLA has its shareholder meeting after the bell where a vote is being held on Musk's $56B pay package. AVGO released positive earnings last night along with a 10 for 1 stocksplit news. In Europe, markets are lower as industrial output declines. Oil prices are falling as traders start to price in the unexpected rise in stockpiles data and the fed's projections on interest rates.