Night Trading
- Asian equity indices are +.5% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 53.0 unch.
- China Sovereign CDS 30.75 -.5 basis point.
- Bloomberg Emerging Markets Currency Index 66.76 +.01%.
- FTSE 100 futures +.36%.
- S&P 500 futures +.07%.
- NASDAQ 100 futures +.08%.
Earnings of Note
Company/Estimate
Before the Open:
- (LW)/.86
After the Close:
- None of note
Economic Releases
10:00 am EST
- Construction Spending MoM for Nov. is estimated to rise +.4% versus a -.8% decline in Oct.
- ISM Manufacturing for Dec. is estimated to rise to 49.0 versus 48.1 in Nov.
- ISM Prices Paid for Dec. is estimated to rise to 47.5 versus 46.7 in Nov.
2:00 pm EST
- FOMC Dec. 11th Meeting Minutes.
Afternoon:
- Wards Total Vehicle Sales for Dec. is estimated to fall to 17.0M versus 17.09M in Nov.
Upcoming Splits
- None of note
Other Potential Market Movers
- The German Unemployment rate could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are 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 modestly higher. The Portfolio is 100% net
long heading into the day.
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