Sunday, October 20, 2019

Monday Watch

Today's Headlines
  • Stocks in Asia Trade Mixed. Stocks in Asia got off to a mixed start to the week as traders digested the latest trade developments and waited for a slew of earnings reports. The pound dropped as Boris Johnson’s Brexit deal hangs in the balance. Japanese shares rose modestly, while those in South Korea were flat and equities in Sydney retreated. The S&P 500 Index dipped Friday despite a batch of mainly positive earnings results as American stocks remained near to a fresh all-time high. The dollar traded near the lowest level since July and Treasury yields edged lower. Japan’s Topix index added 0.3% as of 9:08 a.m. in Tokyo. Futures on the S&P 500 Index rose 0.1%. The underlying index lost 0.4% on Friday. Australia’s S&P/ASX 200 Index fell 0.2%. South Korea’s Kospi index was flat.
Wall Street Journal:
Zero Hedge:       
Night Trading
  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 70.5 -1.0 basis point.
  • China Sovereign CDS 41.0 unch.
  • Bloomberg Emerging Markets Currency Index 66.03 -.04%.
  • FTSE 100 futures -.08%.
  • S&P 500 futures +.14%.
  • NASDAQ 100 futures +.19%.

Earnings of Note

Before the Open:
  • (HAL)/.34
  • (PETS)/.26
  • (SAP)/1.30
After the Close:
  • (BXS)/.61
  • (CDNS)/.51
  • (CE)/2.51
  • (LOGI)/.39
  • (AMTD)/.96
  • (ZION)/1.08
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The (SLB) investor roundtable could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer 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 75% net long heading into the week.

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