Night Trading
- Asian equity indices are -2.0% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 140.0 -4.75 basis points.
- China Sovereign CDS 71.25 -8.0 basis points.
- Bloomberg Emerging Markets Currency Index 59.60 +.02%.
- Euro Stoxx 50 futures -3.0%.
- S&P 500 futures -3.2%.
- NASDAQ 100 futures -3.6%.
Earnings of Note
Company/Estimate
Before the Open:
- (GIS)/.76
After the Close:
- (FIVE)/1.94
- (GES)/1.12
- (MLHR)/.70
- (WSM)/2.06
Economic Releases
8:30 am EST
- Housing Starts for Feb. is estimated to fall to 1500K versus 1567K in Jan.
- Building Permits for Feb. is estimated to fall to 1500K versus 1551K in Jan.
10:30 am EST
- Bloomberg
consensus estimates call for a weekly crude oil inventory gain of
+4,405,750 barrels versus a +7,664,000 barrel gain the prior week.
Gasoline supplies are estimated to fall by -3,643,000 barrels versus a
-5,049,000 barrel decline the prior week. Distillate inventories are
estimated to fall by -3,492,250 barrels versus a -6,404,000 barrel
decline the prior week. Finally, Refinery Utilization is estimated to
fall by -.01% versus a -.5% decline prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The FOMC press conference/economic projections and the weekly MBA Mortgage Applications 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 consumer
staple shares in the region. The Portfolio is 25% net long heading
into the day.
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