Friday Watch

Night Trading 

• Asian equity indices are unch. to +1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 60.5 -3.0 basis point.

• China Sovereign CDS 31.75 -2.5 basis points.

• Bloomberg Emerging Markets Currency Index 61.66 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 2,817.0 +20.0 points.
• Volatility Index(VIX) futures 25.91 +.42%.
• FTSE 100 futures -.06%.

• S&P 500 futures +.14%.

• NASDAQ 100 futures +.26%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (BKE)/1.14

After the Close:

• None of note
  

Economic Releases

8:30 am EST

• PPI Final Demand MoM for Feb. is estimated to rise +.4% versus a +1.3% gain in Jan.
• PPI Ex Food and Energy MoM for Feb. is estimated to rise +.2% versus a +1.2% gain in Jan.

10:00 am EST

• Univ. of Mich. Consumer Sentiment for March is estimated to rise to 78.5 from 76.8 in February.

Upcoming Splits

• (VRNS) 3-for-1
  

Other Potential Market Movers

• The UK Trade Balance report and the (T) investor day 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 industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.