Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.5 -1.0 basis point.
- Asia Pacific Sovereign CDS Index 43.5 +.5 basis point.
- Bloomberg Emerging Markets Currency Index 67.50 +.01%.
- S&P 500 futures +.10%
- NASDAQ 100 futures +.06%.
Earnings of Note
Company/Estimate
- (JPM)/2.35
- (PNC)/2.60
- (WFC)/1.10
Economic Releases
8:30 am EST
- The Import Price Index MoM for March is estimated to rise +.4% versus a +.6% gain in Feb.
- The Import Price Index ex Petro for March is estimated unch. versus a +.1% gain in Feb.
- The Export Price Index for March is estimated to rise +.2% versus a +.6% gain in Feb.
10:00 am EST
- Preliminary Univ. of Mich. Consumer Confidence for April is estimated to fall to 98.1 versus 98.4 in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The China export data could also impact trading today.
BOTTOM LINE:
Asian indices are mostly higher, boosted by technology and commodity
shares in the region. I expect US stocks to open mixed and to strengthen
into the afternoon, finishing modestly higher. The Portfolio is 100%
net long heading into the day.
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