Friday Watch

Night Trading

• Asian equity indices are -.25% to +1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 106.0 -4.0 basis points.

• Asia Pacific Sovereign CDS Index 87.75 unch.

• FTSE-100 futures +.01%.

• S&P 500 futures -.05%.

• NASDAQ 100 futures -.16%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (PGR)/.34

• (STT)1.00

• (PH)/1.12

• (MMR)/-.13

• (STI)/.61

• (SLB)/1.07

• (GE)/.43

• (JCI)/.51

• (MS)/.27

• (COL)/.89

• (ED)/.73 

Economic Releases
9:55 am EST

• Univ. of Mich. Consumer Confidence for January is estimated to rise to 75.0 versus 72.9 in December.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The UK retail sales report and the (DPZ) investor day could also impact trading today.

BOTTOM LINE: Asian indices are mostly higher, boosted by automaker and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.