Thursday Watch

Night Trading 

• Asian equity indices are -.5%  to +.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 70.0 - basis points.

• China Sovereign CDS 42.75 +. basis point.

• Bloomberg Emerging Markets Currency Index 60.92 +.%.
• FTSE 100 futures +.%.

• S&P 500 futures +.19%.

• NASDAQ 100 futures +.05%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• (ABMD)/.32
• (AES)/.24
• (AEP)/1.05
• (BDX)/2.07
• (BMY)/1.47
• (CAH)/.89
• (FLIR)/.51
• (FLR)/.25
• (HLT)/-.30
• (IRM)/.43
• (JLL)/1.03
• (MYL)/.98
• (PZZA)/.49
• (PH)/1.50
• (PWR)/.47
• (SEE)/.55
• (SRCL)/.27
• (THS)/.48
• (VIAC)/.93
• (YETI)/.16
• (ZTS)/.64
  

After the Close:

• (BKNG)/-11.58
• (CZR)/-1.29
• (ED)/.53
• (DDOG)/.01
• (DBX)/.17
• (FTNT)/.65
• (HTZ)/-3.48
• (ILMN)/.67
• (MHK)/.09
• (NWSA)/-.09
• (RMAX)/.39
• (SWI)/.20
• (STMP)/1.09
• (TTD)/.20
• (UBER)/-.64
• (OLED)/.30
• (YELP)/-.21
• (ZG)-.49
  

Economic Releases

7:30 am EST

• Challenger Job Cuts YoY for July.

8:30 am EST

• Initial Jobless Claims for last week are estimated to fall to 1400K versus 1434K the prior week.
• Continuing Claims are estimated to fall to 16900K versus 17018K the prior week.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The BoE rate decision, BoE inflation report, weekly Bloomberg Consumer Comfort Index and the weekly EIA natural gas inventory report could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

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 weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.