Night Trading
- Asian equity indices are +.5% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 54.0 -.75 basis point.
- China Sovereign CDS 30.75 -.5 basis point.
- Bloomberg Emerging Markets Currency Index 66.58 unch.
- FTSE 100 futures n/a.
- S&P 500 futures +.21%.
- NASDAQ 100 futures +.25%.
Earnings of Note
Company/Estimate
Before the Open:
- (INFY)/9.78
After the Close:
- None of note
Economic Releases
8:30 am EST
- The Change in Non-Farm Payrolls for Dec. is estimated to fall to 160K versus 266K in Nov.
- The Unemployment Rate for Dec. is estimated at 3.5% versus 3.5% in Nov.
- Average Hourly Earnings MoM for Dec. is estimated to rise +.3% versus a +.2% gain in Nov.
10:00 am EST
- Wholesale Trade Sales MoM for Nov. is estimated to rise +.2% versus a -.7% decline in Oct.
Upcoming Splits
- None of note
Other Potential Market Movers
- The UK Trade Balance report, Bloomberg US Economic Survey for Jan. and the (FDX) Jan. economic update could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are higher, boosted by technology 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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