Thursday, June 16, 2016

Friday Watch

Night Trading 
  • Asian equity indices are +.25% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 147.5 -1.0 basis point. 
  • Asia Pacific Sovereign CDS Index 54.50 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 71.40 +.15%
  • S&P 500 futures +.07%. 
  • NASDAQ 100 futures +.17%.
Morning Preview Links

Earnings of Note

  • None of note
Economic Releases  
8:30 am EST
  • Housing Starts for May are estimated to fall to 1150K versus 1172K in April.
  • Building Permits for May are estimated to rise to 1145K versus 1116K in April. 
Upcoming Splits 
  • None of note
Other Potential Market Movers
  • The Canadian CPI report and (ARIA) analyst day could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the day.

No comments: