Thursday, April 08, 2021

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 70.25 +2.25 basis points.
  • China Sovereign CDS 37.75 +1.75 basis points.
  • Bloomberg Emerging Markets Currency Index 60.78 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 3,112.0 -38 points.
  • Volatility Index(VIX) futures 20.77 -.17%.
  • FTSE 100 futures +.28%.
  • S&P 500 futures +.26%.
  • NASDAQ 100 futures +.43%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (JKS)/.48
After the Close:
  • None of note
Economic Releases
8:30 am EST
  • The PPI Final Demand MoM for March is estimated to rise +.5% versus a +.5% gain in Feb. 
  • The PPI Ex Food and Energy MoM for March is estimated to rise +.2% versus a +.2% gain in Feb.
10:00 am EST 
  • Wholesale Trade Sales MoM for Feb.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Inflation Data report, Eurozone Industrial Production report, Bloomberg April US Economic Survey and the (FDX) April Economic Update could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.

No comments: