Night Trading
- Asian indices are -1.25% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 93.0 +2.25 basis points.
- China Sovereign CDS 53.75 +5.5 basis points.
- Bloomberg Emerging Markets Currency Index 60.90 -.06%.
- FTSE 100 futures -.5%.
- S&P 500 futures -1.25%.
- NASDAQ 100 futures -.7%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- (JKS)/1.00
After the Close:
- None of note
Economic Releases
8:30 am EST
8:30 am EST
- Empire Manufacturing for June is estimated to rise to -30.0 versus -48.5 in May.
4:00 pm EST
- Net Long-Term TIC Flows for April.
Upcoming Splits
- None of note
Other Potential Market Movers
- The BoJ rate decision, India trade balance report, Raymond James Human Health Conference and the ISI Virtual Consumer/Retail Summit 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 commodity and financial shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the week.
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