U.S. index futures, namely the $ES_F, are higher this morning after positive trade data out of China boost investor sentiment and helped crude oil stage a modest recovery. China exports fell a modest 1.4 percent in December, much less than the expected 8 percent drop, signaling that the world’s second biggest economy may not be in such dire straights after all. Crude oil futures, $CL_F, are up this morning showing a bounce from the $30 handle based on Tuesday’s surprise decline in U.S. inventories. Focus will be given to today’s crude oil inventory numbers mid morning.
As always, trade well and be well.
Stay tuned for Live Blog post throughout the day.