Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
Before the Open:
After the Close:
8:30 am EST
- Asian equity indices are +.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 86.5 +1.25 basis points.
- China Sovereign CDS 50.25 -1.75 basis points.
- Bloomberg Emerging Markets Currency Index 60.48 -.01%.
- FTSE 100 futures +.85%.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.16%.
Earnings of Note
Company/Estimate
Before the Open:
- (APOG)/.19
- (FIZZ)/.60
8:30 am EST
- Personal Income for May is estimated to fall -6.0% versus a +10.5% gain in April.
- Personal Spending for May is estimated to rise +9.0% versus a -13.6% decline in April.
- The PCE Core MoM for May is estimated unch. versus a -.5% decline in April.
10:00 am EST
- Final Univ. of Mich. Consumer Sentiment for June is estimated to rise to 79.2 versus 78.9 in May.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Mexico trade balance report could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are modestly higher, boosted by technology and financial
shares in the region. I expect US stocks to open modestly higher and to
weaken into the afternoon, finishing mixed. The Portfolio is 50% net
long heading into the day.
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