Friday Watch

Night Trading 

• Asian equity indices are -.25% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 68.5 -.5 basis point.

• China Sovereign CDS 39.25 -5. basis point.

• Bloomberg Emerging Markets Currency Index  66.212 +.02%.
• FTSE 100 futures +.01%.

• S&P 500 futures -.02%.

• NASDAQ 100 futures +.03%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• (BUD)/1.26
• (ALV)/1.41
• (B)/.79
• (CHTR)/1.69
• (GT)/.52
• (ITW)/1.96
• (LEA)/3.17
• (PSX)/2.48
• (VFC)/1.30
• (VZ)/1.23
• (WY).10

After the Close:

• None of note

Economic Releases
2:00 pm EST

• The Monthly Budget Statement for Sept. is estimated to fall to $83.0B versus $119.1B in Aug.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The German IFO Index could also impact trading today.

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.