Friday Watch

Night Trading 

• Asian equity indices are +.25% to +1.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 64.0 -1.5 basis points.

• China Sovereign CDS 34.0 unch.

• Bloomberg Emerging Markets Currency Index 60.36 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 2,564.0 -30.0 points.
• Volatility Index(VIX) futures 22.2 -.70%.
• FTSE 100 futures n/a.

• S&P 500 futures +.23%.

• NASDAQ 100 futures +.35%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• None of note
  

After the Close:

• None of note
  

Economic Releases

8:30 am EST

• Advance Goods Trade Deficit for Feb. is estimated at -$85.9B versus -$83.7B in Jan.
• Retail Inventories MoM for Feb. is estimated to rise +.8% versus a -.6% decline in Jan.
• Wholesale Inventories MoM for Feb. is estimated to rise +.8% versus a +1.3% gain in Jan.
• Personal Income for Feb. is estimated to fall -7.2% versus a +10.0% gain in Jan.
• Personal Spending for Feb. is estimated to fall -.8% versus a +2.4% gain in Jan. 
• The PCE Core MoM for Feb. is estimated to rise +.1% versus a +.3% gain in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone GDP report and the UK 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 industrial and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.