Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.75 +. basis point.
- China Sovereign CDS 36.75 -. basis point.
- Bloomberg Emerging Markets Currency Index 66.19 -.03%.
- FTSE 100 futures -.15%.
- S&P 500 futures -.17%.
- NASDAQ 100 futures -.24%.
Earnings of Note
Company/Estimate
Before the Open:
- (EPAY)/.28
- (DUK)/1.67
- (HMC)/99.09
- (MGA)/1.34
- (ZEUS)/.06
After the Close:
- None of note
Economic Releases
8:30 am EST
- Wholesale Trade Sales MoM for Sept. is estimated to rise +.2% versus unch. in Aug.
10:00 am EST
- Preliminary Univ. of Mich. Consumer Sentiment for Nov. is estimated at 95.5 versus 95.5 in Oct.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Williams speaking, Fed's Brainard speaking, Fed's Daly speaking, China Loan Data report, Bloomberg Nov. US Economic Survey and the (STAA) investor day could also impact trading today.
BOTTOM LINE:
Asian indices are mostly lower, weighed down by consumer and healthcare
shares in the region. I expect US stocks to open modestly lower and
rally into the afternoon, finishing mixed. The Portfolio is 75% net long
heading into the day.
No comments:
Post a Comment