Thursday, August 16, 2018

Friday Watch

Night Trading 
  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 82.25 -2.5 basis points. 
  • Asia Pacific Sovereign CDS Index 11.0 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 66.76 +.04%.
  • FTSE 100 futures +.02%
  • S&P 500 futures +.04%.
  • NASDAQ 100 futures -.03%.
Morning Preview Links

Earnings of Note
Before the Open:
  • (DE)/2.74
After the Close:
  • None of note
Economic Releases 
10:00 am EST
  • The Leading Index for July is estimated to rise +.4% versus a +.5% gain in June.
  • Preliminary Univ. of Mich. Consumer Sentiment for August is estimated to rise to 98.0 versus 97.9 in July.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone CPI report could also impact trading today.
BOTTOM LINE:  Asian indices are higher, boosted by financial 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.

No comments: