NewsWare’s Trade Talk: Friday, October 13

S&P Futures are indicating a lower opening today. There are multiple moving pieces this morning causing the negative sentiment. Markets are seeing a spike in oil prices as the conflict between Israel appears ready to launch a ground assault on the Gaza strip. Then we have the earnings announcements. BLK. JPM and UNH have already reported EPS beats, BLK & JPM beats were done on lower revenue. The MSFT takeover of ATVI was approved by British regulators. Consumer prices in China were unexpectedly flat in September, exacerbating worries over persistent deflationary pressures in the world's second-largest economy. In Europe, stocks are lower due to the China data and Middle East concerns. Oil prices are positive by more than 3.00%.