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U.S. Futures are Higher as Earnings Season Begins #Earnings #SupremeCourt #Jobs

U.S. Futures are higher as earnings season begins.  Stocks are trading higher after PepsiCo kicked-off earnings season with better-than-expected results.  Last night, President Trump nominated Judge Brett Kavanaugh for the Supreme Court position to succeed Justice Anthony Kennedy.  The nomination, if confirmed, would likely move the Supreme Court to a more conservative view on regulatory and environmental issues.  Later this morning the market will get a look at job openings in May, with expectations for a new hi of 6.7m job openings.  European shares are being led higher by energy and commodity names.  Asian shares closed mostly higher led by financial stocks in Japan.  In economic data, China’s consumer prices rose 1.9% yoy, inline with expectations, while producer rose more than expected to 4.7% yoy.
 
 
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