NewsWare's Trade Talk: Friday, April 12

S&P Futures are slightly lower this morning. International events are playing a role in this morning's action. China is telling its telecom firms not to use foreign made chips. The Biden administration has added 6 Chinese companies to its blacklist. Iran is expected to launch a retaliatory strike within days. First quarter earnings season kicks off today with reports due out from a number of big banks. In Europe markets are displaying strong gains as inflation data is weakening. Oil prices are being support by Middle East tensions; IEA cut its forecast for oil-demand growth this year.