NewsWare's Trade Talk: Tuesday, February 27

S&P Futures are flat to higher this morning in a tight trading range. Markets are waiting on economic data releases and the key economic release this week is the PCE report which is scheduled to be release on Thursday morning. FTC is pushing to block ACI/KR merger. CVX/HES deal is in jeopardy as XOM & CNOOC are making moves to thwart the merge. Earnings beats from AZO, CRI, EYE, LOW, PRGO and SJM. In Europe, stocks are flat to higher ahead of pending inflation data releases. Oil prices have reversed course and are now trading lower in the pre-market.