Friday Watch

Night Trading 

• Asian equity indices are -.50% to +.50% on average.

• Asia Ex-Japan Investment Grade CDS Index 88.0 +2.25 basis points. 

• Asia Pacific Sovereign CDS Index 13.0 unch.

• Bloomberg Emerging Markets Currency Index 69.21 -.13%.

• FTSE 100 futures -.26%

• S&P 500 futures -.14%.

• NASDAQ 100 futures +.14%.

Morning Preview Links

Earnings of Note
Company/Estimate

Before the Open:

• (BHGE)/.14

• (CLF)/.52

• (GE)/.17

• (GNTX)/.40

• (HON)/2.01

• (KSU)/1.51

• (MAN)/2.37

• (NVR)/47.21

• (RF)/.33

• (SLB)/.43

• (SWK)/2.03

• (STT)/2.01

• (STI)/1.31

After the Close:

• None of note

Economic Releases 

• None of note

Upcoming Splits

• None of note

Other Potential Market Movers

• The Eurozone PPI report and the (SCHW) business update could also impact trading today.

BOTTOM LINE:  Asian indices are mostly lower, weighed down by industrial and financial 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.