Friday Watch

Night Trading 

• Asian equity indices are unch. to +1.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 66.75 -2.5 basis points. 
• Asia Pacific Sovereign CDS Index 12.0 unch.
• Bloomberg Emerging Markets Currency Index 75.22 -.02%.
• FTSE 100 futures +.03%.
• S&P 500 futures -.09%.
• NASDAQ 100 futures -.01%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (AMWD)/.96
• (BIG)/2.42
• (PRTY)/.80

Economic Releases

8:30 am EST

• The Change in Non-Farm Payrolls for February is estimated at 205K versus 200K in January.
• The Unemployment Rate for February is estimated at 4.0% versus 4.1% in January. 
• Average Hourly Earnings MoM for February is estimated to rise +.2% versus a +.3% gain in January.
  

10:00 am EST

• Wholesale Trade Sales MoM for January.

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Evans speaking, China Inflation report and the Eurozone Industrial Production report could also impact trading today.

BOTTOM LINE:  Asian indices are 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.