Thursday, August 03, 2017

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 80.0 -.25 basis point
  • Asia Pacific Sovereign CDS Index 18.75 unch.
  • Bloomberg Emerging Markets Currency Index 74.0 +.06%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.01%.
Morning Preview Links

Earnings of Note
  • (CBOE)/.86
  • (CI)/2.48
  • (CTB)/.74
  • (ITT)/.63
  • (NWL)/.87
  • (SUP)/.46
  • (TM)/153.14
  • (BRK/B)/2800.98
Economic Releases 
8:30 am EST
  • The Change in Non-Farm Payrolls for July is estimated to fall to 180K versus 222K in June.
  • The Unemployment Rate for July is estimated to fall to 4.3% versus 4.4% in June.
  • The Average Hourly Earnings MoM for July is estimated to rise +.3% versus a +.2% gain in June.
  • The Trade Deficit for June is estimated at -$44.5B versus -$46.5B in May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Retail Sales report and German Factory Orders report 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 weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.

No comments: