Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 59.0 -1.25 basis points.
- China Sovereign CDS 33.5 -1.25 basis points.
- Bloomberg Emerging Markets Currency Index 66.30 -.02%.
- FTSE 100 futures n/a.
- S&P 500 futures -.13%.
- NASDAQ 100 futures -.12%.
Earnings of Note
Company/Estimate
Before the Open:
- (JBL)/.93
- (NAV)/.97
- (WOR)/.58
After the Close:
- (CTAS)/2.02
- (FDX)/2.80
- (SCS)/.35
Economic Releases
8:30 am EST
- Housing Starts for Nov. is estimated to rise to 1345K versus 1314K in Oct.
- Building Permits for Nov. is estimated to fall to 1418K versus 1461K in Oct.
9:15 am EST
- Industrial Production MoM for Nov. is estimated to rise +.8% versus a -.8% decline in Oct.
- Manufacturing Production for Nov. is estimated to rise +.8% versus a -.6% decline in Oct.
- Capacity Utilization for Nov. is estimated to rise to 77.4% versus 76.7% in Oct.
10:00 am EST
- JOLTS Job Openings for Oct. is estimated to fall to 7009 versus 7024 in Sept.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Japan trade balance report, weekly US retail sales reports and the (LLY) investor update call could also impact trading today.
BOTTOM LINE:
Asian indices are modestly higher higher, boosted by industrial and
technology shares in the region. I expect US stocks to open modestly
lower and to rally into the afternoon, finishing mixed. The Portfolio is
75% net long heading into the day.
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