NewsWare’s Trade Talk: Friday, January 12

S&P Futures have gone from flat to down as the market reacts to the latest earnings reports from BAC, DAL, JPM, UNH & WFC. This morning key economic data point to watch is the PPI report. Overnight the U.S. & the U.K. launched air strikes in Yemen at Houthi controlled areas. Economic data out of China overnight indicate weak consumer demand. In Europe, stocks are higher as the ECB official indicates rate cuts ahead. and oil prices are higher by more than +3.75%.