NewsWare's Trade Talk: Monday, June 3

NewsWare‘s Trade Talk

S&P Futures are displaying some positive indications this morning. It's a big week for the market with employment data and an ECB meeting scheduled for this week. Friday's Non-Farm Payrolls report will likely be the key economic data point of the week. Over the weekend NVDA & AMD presented a roadmap on chip development, which is helping to keep AI enthusiasm high. GSK is down hard this morning as courts believe that there is a link between its Zantac drug and cancer. In Europe, markets are higher on the back of this morning PMI releases and ahead of the ECB announcement on monetary policy this week. Oil prices are mixed to lower; Sunday's OPEC meeting was neutral to slightly bearish for oil prices.