Friday Watch

Night Trading 

• Asian equity indices are -.5% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 77.0 unch. 

• Asia Pacific Sovereign CDS Index 15.50 unch.

• Bloomberg Emerging Markets Currency Index 73.29 -.05%.

• S&P 500 futures +.06%.

• NASDAQ 100 futures -.05%.

Morning Preview Links

Earnings of Note
Company/Estimate

• None of note

Economic Releases 

9:45 am EST

• The Preliminary Markit US Manufacturing PMI is estimated to rise to 55.0 versus 54.6 in October.
• The Preliminary Markit US Services PMI is estimated at 55.3 versus 55.3 in October.

Upcoming Splits

• None of note

Other Potential Market Movers

• The German IFO Guidance could also impact trading today.

BOTTOM LINE:  Asian indices are mostly lower, weighed down by commodity and financial shares in the region. I expect US stocks to open mixed and to rally into the close, finishing modestly higher.  The Portfolio is 100% net long heading into the day.