Wednesday, December 25, 2013

Thursday Watch

Night Trading
  • Asian equity indices are -.25% to +.50% on average.
  • Asia Ex-Japan Investment Grade CDS Index 124.0 +2.0 basis points.
  • Asia Pacific Sovereign CDS Index 103.0 unch. 
  • FTSE-100 futures n/a.
  • S&P 500 futures n/a.
  • NASDAQ 100 futures n/a.
Morning Preview Links

Earnings of Note

  • None of note
Economic Releases
 8:30 am EST
  • Initial Jobless Claims are estimated to fall to 345K versus 379K the prior week.
  • Continuing Claims are estimated to fall to 2827K versus 2884K prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Industrial Profits report, Japan Employment/CPI/Production data and the weekly Bloomberg Consumer Comfort Index could also impact trading today.
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 50% net long heading into the day.

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