NewsWare's Trade Talk: Tuesday, May 7

S&P Futures are higher this morning as encouraging Fed speak yesterday is reigniting the markets expectations for rate cuts this year. Positive earnings from DIS, J & KVUE has hit the tape already this morning. After the bell today watch for earnings from ARM, ABNB, TTD, APP & HOOD. The EU has approved the acquisition of U.S. Steel by Nippon Steel. Apple has made multiple announcement this morning ahead of this morning's product launch event. - In Europe, markets are higher with gains in banks and tech stocks. Oil prices have turned lower this morning, the recent events in the Middle East do not appear to be adding to oils volatility.