NewsWare’s Trade Talk: Thursday, May 19

S&P Futures are lower again this morning and pointing to deeper losses for equity prices on growing worries of an economic slowdown. Futures have moved from down 1.4% to down 1% in the past hour. Today's U.S. economic data includes the weekly jobless claims at 8:30 a.m., April's Existing Home Sales, and Leading Index at 10:00 a.m. The ECB's April meeting minutes, due at 7:30 a.m., may well garner some attention given the recent speculation about a July rate increase. Fed's Kashkari will discuss the impact of inflation on low-income households at 4 p.m.