NewsWare’s Trade Talk: Thursday, July 6

S&P Futures are trading lower this morning as yesterday's FOMC meeting minutes assured the market that the fed will issue another rate hike in its July meeting. The prospect of higher rates for a longer period of time is causing the global equities markets to stumble today. Treasury Secretary Yellen arrives in China today in an attempt to repair ties. European indexes are displaying significant weakness and oil prices are prices are flat to higher ahead of this morning oil stockpiles report.