Friday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 73.5 -.75 basis point. 

• Asia Pacific Sovereign CDS Index 12.0 +.25 basis point.

• Bloomberg Emerging Markets Currency Index 74.74 -.03%.

• FTSE 100 futures +.21%.

• S&P 500 futures -.05%.

• NASDAQ 100 futures -.11%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (BHGE)/.06

• (CLF)/-.18

• (ERIC)/-.19

• (GE)/.11

• (GNTX)/.40

• (HTLD)/.12

• (HON)/1.90

• (KSU)/1.33

• (MAN)/1.63

• (MINI)/.34

• (RF)/.31

• (SLB)/.37

• (SWK)/1.36

• (STT)/1.59

• (SHOO)/.51

• (STI)/1.10

• (WM)/.83

Economic Releases

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Evans speaking and the European CPI report could also impact trading today.

BOTTOM LINE:  Asian indices are mostly lower, weighed down by industrial 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.