Friday Watch

Night Trading

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

• Asia Ex-Japan Investment Grade CDS Index 128.0 -9.0 basis points.

• Asia Pacific Sovereign CDS Index 100.75 -5.5 basis points.

• FTSE-100 futures -.28%.

• S&P 500 futures -.23%.

• NASDAQ 100 futures -.04%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (BHI)/.65

• (GE)/.35

• (HON)/1.21

• (IR)/1.08

• (IPG)/.21

• (KSU)/.95

• (LH)/1.80

• (MAN)/.90

• (COL)/1.15

• (SLB)/1.10

• (STT)/1.18

• (STI)/.66

• (VFC)/1.17

• (WHR)/2.42

Economic Releases

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• German inflation data could also impact trading today.

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial 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 50% net long heading into the day.