Night Trading
- Asian indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.25 +.75 basis point.
- China Sovereign CDS 42.75 +1.75 basis points.
- Bloomberg Emerging Markets Currency Index 67.42 -.02%.
- FTSE 100 futures +.06%.
- S&P 500 futures +.32%.
- NASDAQ 100 futures +.45%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
8:30 am EST
8:30 am EST
- The Chicago Fed National Activity Index for May is estimated to rise to .1 versus -.45 in April.
10:30 am EST
- The Dallas Fed Manufacturing Activity Index for June is estimated at 0.0 versus -5.3 in May.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone Germany IFO Data report could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity 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 week.
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