Night Trading
- Asian equity indices are -.50% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 95.5 +.25 basis point.
- Asia Pacific Sovereign CDS Index 25.25 -.25 basis point.
- Bloomberg Emerging Markets Currency Index 71.83 -.01%.
- S&P 500 futures -.11%.
- NASDAQ 100 futures -.12%.
Morning Preview Links
Earnings of Note
Company/Estimate
Earnings of Note
Company/Estimate
- (BCC)/-.04
- (COG)/.01
- (FL)/1.32
- (JCP)/.61
- (MGA)/1.35
- (RDC)/-.09
Economic Releases
10:00 am EST
- New Home Sales for January are estimated to rise to 570K versus 536K in December.
- Final Univ. of Mich. Consumer Sentiment for February is estimated to rise to 96.0 versus a prior estimate of 95.7.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Canadian inflation report and the (ETN) analyst conference 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 modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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