Evening Headlines
Bloomberg:
- Asian Stocks Set to Fall; Draghi Whipsaws Euro. Asian stocks are set to slip Friday after their U.S. counterparts fell from record highs amid a torrent of corporate results. The euro fluctuated and European bond yields climbed from all-time lows in the wake of the European Central Bank meeting. Futures pointed lower in Japan, Hong Kong and Australia, as the S&P 500 finished lower a day after the benchmark index closed at an all-time high. After the close of regular trading, Amazon fell after posting lower-than-forecast earnings and Alphabet rallied after exceeding revenue estimates. Treasury yields climbed and the dollar was stronger against most G-10 peers. Nikkei 225 futures fell 0.7%. Hang Seng futures fell 0.7%. S&P/ASX 200 futures declined 0.5%.
Wall Street Journal:
Fox News:
Zero Hedge:
Business Insider:
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
8:30 am EST
Other Potential Market Movers
- Asian equity indices are -.5% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 57.50 -3.0 basis points.
- China Sovereign CDS 39.25 -1.25 basis points.
- Bloomberg Emerging Markets Currency Index 67.37 -.01%.
- S&P 500 futures +.09%.
- NASDAQ 100 futures +.15%.
Earnings of Note
Company/Estimate
Before the Open:
- (ABBV)/2.21
- (B)/.78
- (COG)/.33
- (CL)/.72
- (GT)/.34
- (ITW)/1.98
- (LEA)/3.74
- (MCD)/2.05
- (PSX)/2.70
- (TWTR)/.19
- (WY)/.10
- (ZBH)/1.91
- None of note
8:30 am EST
- Advance 2Q GDP Annualized QoQ is estimated to rise +1.8% versus a +3.1% gain in 1Q.
- Advance 2Q Personal Consumption is estimated to rise +4.0% versus a +.9% gain in 1Q.
- Advance 2Q GDP Price Index is estimated to rise +2.0% versus a +.9% gain in 1Q.
- Advance 2Q Core PCE QoQ is estimated to rise +2.0% versus a +1.2% gain in 1Q.
- None of note
- The ECB Economic Survey could also impact trading today.
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