Friday Watch

Night Trading 

• Asian equity indices are -2.0% to -1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 113.0 +2.5 basis points. 

• China Sovereign CDS 60.5 +2.0 basis points.
  

• Bloomberg Emerging Markets Currency Index 52.10 -.16%. 
• Bloomberg Global Risk-On/Risk Off Index 2,720.0 -53.0 points.
• Volatility Index(VIX) futures 30.4 +3.2%.
• Euro Stoxx 50 futures -2.26%.

• S&P 500 futures -.78%.

• NASDAQ 100 futures -.90%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (HIBB)/1.22
  

After the Close:

• None of note
  

Economic Releases

8:30 am EST

• The Change in Non-Farm Payrolls for Feb. is estimated to fall to 415K versus 467K in Jan.
• The Unemployment Rate for Feb. is estimated to fall to 3.9% versus 4.0% in Jan.
• Average Hourly Earnings MoM for Feb. is estimated to rise +.5% versus a +.7% gain in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Australia Job Ads report and the (KR) conference call could also impact global trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are lower, weighed down by technology 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 day.