Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.0 -1.5 basis point.
- Asia Pacific Sovereign CDS Index 42.25 -1.25 basis points.
- Bloomberg Emerging Markets Currency Index 67.46 -.06%.
- S&P 500 futures +.04%
- NASDAQ 100 futures +.08%.
Earnings of Note
Company/Estimate
Before the Open:
- (BAC)/.66
- (BLK)/6.13
- (CMA)/1.93
- (JNJ)/2.04
- (OMC)/1.10
- (PGR)/1.35
- (UNH)/3.60
After the Close:
- (CSX)/.91
- (IBM)/2.24
- (MRTN)/.24
- (NFLX)/.57(UAL)/.95
Economic Releases
9:15 am EST
- Industrial Production MoM for March is estimated to rise +.2% versus a +.1% gain in Feb.
- Manufacturing Production for March is estimated to rise +.1% versus a -.4% decline in Feb.
- Capacity Utilization for March is estimated to rise to 79.1% versus 78.2% in Feb.
10:00 am EST
- The NAHB Housing Market Index for April is estimated to rise to 63.0 versus 62.0 in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone ZEW Index, Eurozone Trade Balance report, RBA Minutes and the weekly US retail sales reports could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by industrial and commodity
shares in the region. I expect US stocks to open mixed and to strengthen
into the afternoon, finishing modestly higher. The Portfolio is 100%
net long heading into the day.
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