Sunday, June 03, 2018

Monday Watch

Night Trading
  • Asian indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 76.75 -.25 basis point.
  • Asia Pacific Sovereign CDS Index 12.25 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 70.92 +.06%.
  • FTSE 100 futures +.18%
  • S&P 500 futures +.01%.
  • NASDAQ 100 futures +.05%.

Earnings of Note
Company/Estimate
Before the Open:

  • None of note
After the Close:
  • (PANW)/.95
  • (NX)/.11
Economic Releases
10:00 am EST
  • Factory Orders for April are estimated to fall -.5% versus a +1.6% gain in March.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PPI report, Macquarie Metals/Mining/Materials Conference, Apple(AAPL) World Wide Developers Conference, Goldman Lodging/Gaming/Restaurant Conference, Keefe Bruyette Woods US Regional Bank Conference, Needham Automotive Tech Day, Evercore ISI Autonomous Driving/AI/Mobility Forum and the (ALV) investor day 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 modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

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