Night Trading
- Asian indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 63.50 -.25 basis point.
- China Sovereign CDS 42.25 -.25 basis point.
- Bloomberg Emerging Markets Currency Index 67.70 unch.
- FTSE 100 futures -.24%.
- S&P 500 futures -.12%.
- NASDAQ 100 futures -.19%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- (C)/1.80
After the Close:
- (JBHT)/1.35
Economic Releases
8:30 am EST
- Empire Manufacturing for July is estimated to rise to 2.0 versus -8.6 in June.
Upcoming Splits
- None of note
Other Potential Market Movers
- The China GDP report 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 week.
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