Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.5 unch.
- Asia Pacific Sovereign CDS Index 19.25 -.25 basis point.
- Bloomberg Emerging Markets Currency Index 73.04 -.05%.
- S&P 500 futures -.09%.
- NASDAQ 100 futures -.01%.
Morning Preview Links
Earnings of Note
Company/Estimate
Earnings of Note
Company/Estimate
- (BIG)/.99
Economic Releases
8:30 am
- 1Q GDP is estimated to rise +.9% versus a prior estimate of a +.7% gain.
- 1Q Personal Consumption is estimated to rise +.4% versus a prior estimate of a +.3% gain.
- The 1Q GDP Price Index is estimated to rise +2.3% versus a prior estimate of a +2.3% gain.
- The 1Q Core PCE is estimated to rise +2.0% versus a prior estimate of a +2.0% gain.
- Preliminary Durable Goods Orders for April are estimated to fall by -1.5% versus a +1.7% gain in March.
- Preliminary Durables Ex Transports for April are estimated to rise +.4% versus a +.8% gain in March.
- Preliminary Cap Goods Orders Non-Defense Ex-Air for April are estimated to rise +.5% versus a +.5%Gain in March.
10:00 am EST
- Final Univ. of Mich. Consumer Sentiment for May is estimated to fall to 97.5 versus a prior estimate of 97.7.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Japan inflation data could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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