Thursday Watch

Night Trading

• Asian equity indices are -.50% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 113.0 -1.0 basis point.
• Asia Pacific Sovereign CDS Index 85.50 +.5 basis point.
• FTSE-100 futures +.14%.
• S&P 500 futures -.22%.
• NASDAQ 100 futures -.12%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (HITK)/.52
• (SFD)/.43
• (HRB)/-.40
• (COO)/1.55
• (KFY)/.19
• (SWHC)/.23
• (TITN)/.65 

Economic Releases
8:30 am EST

• Initial Jobless Claims are estimated to fall to 380K versus 393K the prior week.
• Continuing Claims are estimated to fall to 3275K versus 3287K prior.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The ECB rate decision, BoE rate decision, Eurozone GDP, 3Q Household Net Worth report, Challenger Job Cuts report for Nov., RBC Consumer Outlook Index for December, weekly EIA natural gas inventory report, weekly Bloomberg Consumer Comfort Index, (NUAN) analyst day, (EFX) investor day, (IGT) investor conference and the (BRCM) analyst day could also impact trading today.

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.