Friday Watch

Night Trading

• Asian equity indices are -.75% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 103.50 +.5 basis point.

• Asia Pacific Sovereign CDS Index 71.5 +.75 basis point.

• FTSE-100 futures +.15%.

• S&P 500 futures +.06%.

• NASDAQ 100 futures  -.01%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (FAST)/.44
• (WFC)/1.01
• (INFY)/46.44

Economic Releases
2:00 pm EST

• The Monthly Budget Statement for June is estimated at $79.0B.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Evans speaking, Fed's Plosser speaking, USDA WASDE report and Canadian unemployment report could impact trading today.

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