Thursday Watch

Night Trading 

• Asian equity indices are -1.0% to -.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 55.74 -.75 basis point.

• China Sovereign CDS 39.75  -.25 basis point.

• Bloomberg Emerging Markets Currency Index  65.60 -.04%.
• FTSE 100 futures -.40%.

• S&P 500 futures -.19.%.

• NASDAQ 100 futures +.02%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• (ALXN)/2.46
• (MO)/1.02
• (ABC)/1.67
• (APTV)/1.02
• (BIIB)/7.90
• (BX)/.66
• (BGG)/-.13
• (BC)/.75
• (KO)/.44
• (DHR)/1.25
• (DD)/.95
• (LLY)/1.52
• (HSY)/1.24
• (IP)/1.03
• (MDC)/1.27
• (NOC)/4.72
• (PH)/2.27
• (DGX)/1.60
• (RTN)/3.11
• (SHW)/4.38
• (TSCO)/1.23
• (TFC)/1.00
• (UPS)/2.11
• (VLO)/1.61
• (VZ)/1.15

After the Close:

• (AMZN)/3.99
• (AMGN)/3.41
• (BZH)/.08
• (DECK)/6.57
• (EA)/2.36
• (RHI)/.97
• (SKYW)/1.41
• (X)/-1.15
• (V)/1.47
• (WDC)/.58
• (WYNN)/1.01

Economic Releases 
8:30 am EST

• Advance 4Q GDP is estimated at +2.1% versus a prior estimate of a +2.1% gain. 
• Initial Jobless Claims for last week are estimated to rise to 215K versus 211K the prior week. 
• Continuing Claims are estimated to fall to 1730K versus 1731K prior.

Upcoming Splits

• None of note

Other Potential Market Movers

• The BoE rate decision, weekly Bloomberg Consumer Comfort Index, weekly EIA natural gas inventory report 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 modestly lower, weighed down by technology and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.