Evening Headlines
Bloomberg:
- Stocks in Asia Drop After U.S. Data Disappoints. Asian stocks tracked losses in U.S. equities after a weak reading on American manufacturing added to concern about the global economy. Treasuries retained gains. Japan and South Korea bore the brunt of declines, with Australian equities also lower. Earlier, the S&P 500 fell the most in five weeks and pushed through a key support level after the Institute for Supply Management’s factory index slipped to the lowest since June 2009. The yield on 10-year Treasuries was at 1.64%. Hong Kong securities will also be in focus after further clashes between protesters and police. Japan’s Topix index dropped 0.8% as of 9:03 a.m. in Tokyo. Futures on the S&P 500 Index rose 0.3%. The underlying gauge fell 1.2% on Tuesday. Australia’s S&P/ASX 200 Index lost 0.5%. South Korea’s Kospi declined 0.8%.
Wall Street Journal:
Fox News:
Zero Hedge:
Business Insider:
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
Before the Open:
8:15 am EST
Other Potential Market Movers
- Asian equity indices are -1.25% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 77.0 +.5 basis point.
- China Sovereign CDS 49.0 +1.75 basis points.
- Bloomberg Emerging Markets Currency Index 65.04 +.01%.
- FTSE 100 futures -.53%.
- S&P 500 futures +.16%.
- NASDAQ 100 futures +.16%.
Earnings of Note
Company/Estimate
Before the Open:
- (AYI)/2.83
- (LEN)/1.32
- (PAYX)/.69
- (BBBY)/.31
- (RECN)/.14
8:15 am EST
- The ADP Employment Change for Sept. is estimated to fall to 140K versus 195K in Aug.
- Bloomberg
consensus estimates call for a weekly crude oil inventory gain of
+1,497,450 barrels versus a +2,412,000 barrel gain the prior week.
Gasoline supplies are estimated to rise by +12,000 barrels versus a
+519,000 barrel gain the prior week. Distillate inventories are
estimated to fall by -1,932,180 barrels versus a -2,978,000 barrel
decline the prior week. Finally, Refinery Utilization is estimated to
fall by -.26% versus a -1.4% decline prior.
- None of note
- The China National Day 2, weekly MBA Mortgage Applications report, Cantor Healthcare Conference, (TK) investor day, (CLX) analyst day, (MSFT) product event and the (F) 3Q sales call could also impact trading today.