NewsWare’s Trade Talk: Friday, December 23

S&P Futures are trading higher this morning. There are two important economic releases scheduled for today. This morning PCE and Durable Goods reports are expected to set the tone for the markets today. The PCE price index is set for release, alongside personal income and consumer spending data. Core PCE is expected to have climbed 0.2% for a second month. Oil prices are trading 1.5% higher this morning as Russia indicates production cuts.