Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 54.5 -.75 basis point.
- China Sovereign CDS 32.5 +.25 basis point.
- Bloomberg Emerging Markets Currency Index 66.34 -.01%.
- FTSE 100 futures -.03%.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.02%.
Earnings of Note
Company/Estimate
Before the Open:
- (BB)/.02
- (KMX)/1.15
- (CCL)/.51
- (WGO)/.59
After the Close:
- None of note
Economic Releases
10:00 am EST
- Personal Income for Nov. is estimated to rise +.3% versus unch. in Oct.
- Personal Spending for Nov. is estimated to rise +.4% versus a +.3% gain in Oct.
- The PCE Core MoM for Nov. is estimated to rise +.1% versus a +.1% gain in Oct.
11:00 am EST
- Kansas City Fed Manufacturing Activity for Dec. is estimated at -3 versus -3 in Nov.
Upcoming Splits
- None of note
Other Potential Market Movers
- The UK GDP report and govt funding deadline could also impact trading today.
BOTTOM LINE:
Asian indices are slightly lower, weighed down 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
100% net long heading into the day.
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