Night Trading
- Asian equity indices are +.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 55.5 -1.0 basis point.
- China Sovereign CDS 37.75 -1.0 basis point.
- Bloomberg Emerging Markets Currency Index 66.11 +.01%.
- FTSE 100 futures +.21%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.15%.
Earnings of Note
Company/Estimate
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
8:30 am EST
- The Import Price Index MoM for August is estimated to fall -.5% versus a +.2% gain in July.
- The Import Price Index ex Petro for August is estimated to fall -.1% versus unch. in July.
- The Export Price Index MoM for August is estimated to fall -.3% versus a +.2% gain in July.
- Retail Sales Advance MoM for August is estimated to rise +.2% versus a +.7% gain in July.
- Retail Sales Ex Autos MoM for August is estimated to rise +.1% versus a +1.0% gain in July.
- Retail Sales Ex Autos and Gas for August is estimated to rise +.2% versus a +.9% gain in July.
10:00 am EST
- Preliminary Univ. of Mich. Consumer Sentiment for Sept. is estimated to rise to 90.8 versus 89.8 in August.
- Business Inventories for July is estimated to rise +.3% versus unch. in June.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Japan Industrial Production report and Bloomberg US Economic Survey for Sept. could also impact trading today.
BOTTOM LINE:
Asian indices are modestly higher, boosted by financial 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 day.
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