Friday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 73.25 unch. 

• Asia Pacific Sovereign CDS Index 14.25 +.25 basis point

• Bloomberg Emerging Markets Currency Index 72.89 -.03%.

• S&P 500 futures +.01%.

• NASDAQ 100 futures +.09%.

Morning Preview Links

Earnings of Note
Company/Estimate

• None of note

Economic Releases

8:30 am EST:

• The Change in Non-Farm Payrolls for November is estimated to fall to 195K versus 261K in October.
• The Unemployment Rate for November is estimated to remain at 4.1%.
• Average Hourly Earnings MoM for November is estimated to rise +.3% versus unch. in October.
  

10:00 am EST

• Wholesale Trade Sales MoM for October are estimated to rise +.3% versus a +1.32% gain in September.
• Preliminary Univ. of Mich. Consumer Confidence for December is estimated to rise to 99.0 versus 98.5 in November.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Govt. funding deadline, China Trade Balance report and the (STRA) investor day could also impact trading today.

BOTTOM LINE:  Asian indices are higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.