Night Trading
- Asian equity indices are -.25% to +.50% on average.
- Asia Ex-Japan Investment Grade CDS Index 86.25 -.75 basis point.
- Asia Pacific Sovereign CDS Index 18.25 unch.
- Bloomberg Emerging Markets Currency Index 73.32 +.06%.
- S&P 500 futures +.06%.
- NASDAQ 100 futures -.05%.
Morning Preview Links
Earnings of Note
Company/Estimate
Earnings of Note
Company/Estimate
- None of note
Economic Releases
10:00 am EST
- Wholesale Trade Sales MoM for April are estimated to rise +.2% versus unch. in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Russell Index rebalancing, China PPI report, WASDE crop report, (KORS) investor day and the (URBN) quarterly sales update could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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