Friday Watch

Night Trading 

• Asian equity indices are -.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 70.25 +2.25 basis points.

• China Sovereign CDS 37.75 +1.75 basis points.

• Bloomberg Emerging Markets Currency Index 60.78 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 3,112.0 -38 points.
• Volatility Index(VIX) futures 20.77 -.17%.
• FTSE 100 futures +.28%.

• S&P 500 futures +.26%.

• NASDAQ 100 futures +.43%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (JKS)/.48
  

After the Close:

• None of note
  

Economic Releases

8:30 am EST

• The PPI Final Demand MoM for March is estimated to rise +.5% versus a +.5% gain in Feb. 
• The PPI Ex Food and Energy MoM for March is estimated to rise +.2% versus a +.2% gain in Feb.
  

10:00 am EST 

• Wholesale Trade Sales MoM for Feb.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Inflation Data report, Eurozone Industrial Production report, Bloomberg April US Economic Survey and the (FDX) April Economic Update could also impact global trading today.

US Equity Market Hours

• 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 higher and to weaken into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.