Thursday, April 05, 2018

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 77.5 -.25 basis point
  • Asia Pacific Sovereign CDS Index 13.0 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 74.94 -.02%.
  • FTSE 100 futures -.62%.
  • S&P 500 futures -1.04%.
  • NASDAQ 100 futures -1.15%.
Morning Preview Links

Earnings of Note
  • (GBX)/.97
Economic Releases
8:30 am EST
  • The Change in Non-Farm Payrolls for March is estimated to fall to 185K versus 313K in February. 
  • The Unemployment Rate is estimated to fall to 4.0% versus 4.1% in February.
  • Average Hourly Earnings MoM for March are estimated to rise +.3% versus a +.1% gain in February.
3:00 pm EST
  • Consumer Credit for February is estimated to rise to $15.5B versus $13.91B in January.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking and the German Industrial Production report could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.

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