Night Trading
- Asian indices are +.25% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 80.75 -2.75 basis points.
- China Sovereign CDS 45.25 -1.0 basis point.
- Bloomberg Emerging Markets Currency Index 60.59 +.09%.
- FTSE 100 futures +1.33%.
- S&P 500 futures +.58%.
- NASDAQ 100 futures +.82%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
10:00 am EST
10:00 am EST
- The ISM Non-Manufacturing Index for June is estimated to rise to 50.0 versus 45.4 in May.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone Retail Sales 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 consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the week.
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