Friday Watch

Night Trading 

• Asian equity indices are -.25% to +.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 80.5 -.5 basis point.

• China Sovereign CDS 46.25 -.25 basis point.
  

• Bloomberg Emerging Markets Currency Index 57.88 -.05%. 
• Bloomberg Global Risk-On/Risk Off Index 3,339.0 +3.0 points.
• Volatility Index(VIX) futures 20.1 -.17%.
• Euro Stoxx 50 futures +.07%.

• S&P 500 futures -.03%

• NASDAQ 100 futures -.1%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AXL)/.00
• (GOOS)/-.09
• (D)/1.06
• (DKNG)/-1.06
• (ELAN)/.17
• (FLR)/.15
• (GT)/.26
• (HMC)/62.94
• (JCI)/.87
• (MGA)/.72
• (UI)/2.62
  

After the Close:

• None of note
  

Economic Releases

8:30 am EST:

• The Change in Non-Farm Payrolls for Oct. is estimated at 450K versus 194K in Sept.
• The Unemployment Rate for Oct. is estimated to fall to 4.7% versus 4.8% in Sept.
• Average Hourly Earnings MoM for Oct. is estimated to rise +.4% versus a +.6% gain in Sept.
• The Labor Force Participation Rate for Oct. is estimated at 61.8% versus 61.6% in Sept.
  

3:00 pm EST

• Consumer Credit for Sept. is estimated to rise to $16.0B versus $14.379B in Aug.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone Industrial Production report and the (DOX) investor 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 lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.