Night Trading
- Asian equity indices are +.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 58.75 -1.75 basis points.
- China Sovereign CDS 40.75 -3.0 basis points.
- Bloomberg Emerging Markets Currency Index 65.56 +.01%.
- FTSE 100 futures +.01%.
- S&P 500 futures +.30%.
- NASDAQ 100 futures +.30%.
Earnings of Note
Company/Estimate
Before the Open:
- (GCO)/-.01
After the Close:
- None of note
Economic Releases
8:30 am EST
- The Change in Non-Farm Payrolls for Aug. is estimated at 160K versus 164K in July.
- The Unemployment Rate for Aug. is estimated at 3.7% versus 3.7% in July.
- Average Hourly Earnings MoM for August is estimated to rise +.3% versus a +.3% gain in July.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Powell speaking, Eurozone GDP 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.
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