Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 51.50 -1.0 basis point.
- China Sovereign CDS 29.75 -.5 basis point.
- Bloomberg Emerging Markets Currency Index 66.38 -.02%.
- FTSE 100 futures +.26%.
- S&P 500 futures +.05%.
- NASDAQ 100 futures +.07%.
Earnings of Note
Company/Estimate
Before the Open:
- (FAST)/.31
- (JBHT)/1.53
- (KSU)/1.85
- (RF)/.39
- (SLB)/.37
- (STT)/1.69
After the Close:
- None of note
Economic Releases
8:30 am EST
- Housing Starts for Dec. is estimated to rise to 1380K versus 1365K in Nov.
- Building Permits for Dec. is estimated to fall to 1469K versus 1482K in Nov.
9:15 am EST
- Industrial Production MoM for Dec. is estimated to fall -.2% decline versus a +1.1% gain in Nov.
- Capacity Utilization for Dec. is estimated to fall to 77.0% versus 77.3% in Nov.
- Manufacturing Production for Dec. is estimated to fall -.1% versus a +1.1% gain in Nov.
10:00 am EST
- Univ. of Mich. Consumer Sentiment for Jan. is estimated at 99.3 versus 99.3 in Dec.
- JOLTS Job Openings for Nov. is estimated to fall to 7250 versus 7267 in Oct.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Quarles speaking and the Eurozone CPI report could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are mostly higher, boosted by technology and commodity
shares in the region. I expect US stocks to open modestly higher and to
weakend into the afternoon, finishing mixed. The Portfolio is 100% net
long heading into the day.
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