Earnings, Fed Hearings and Ceasefire Deadline in Focus

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US index futures are pointing toward a positive open today trading up 0.3% to 0.5%. Over in Europe, the Dax is up 0.4% and the FTSE is down 0.2%. Crude Oil is holding steady, Gold is down 0.4%, and Copper is up 0.2%.

Markets appear to be on hold, waiting to see what happens after tomorrow’s ceasefire deadline. Will the US ramp up attacks again as President Trump has been threatening? Will the peace talks scheduled for tomorrow actually proceed?

Meanwhile, the Street response to positive US earnings reports: UnitedHealth is up 7.6% premarket after beating the Street on earnings. On the other hand, despite a positive report from 3M, its shares are down 3.3%.

In economic news, Fed Chair Nominee Kevin Warsh testifies to the Senate this morning at his confirmation hearing, where he could provide insight into the future of monetary policy. US retail sales for March, beat street expectations (1.7% vs Street 1.4%) suggesting the US economy has been holding up since the war started. 

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