Friday Watch

Night Trading 

• Asian equity indices are unch. to +1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 90.25 -.5 basis point.

• China Sovereign CDS 54.25 +.25 basis point.
  

• Bloomberg Emerging Markets Currency Index 57.80 -.06%. 
• Bloomberg Global Risk-On/Risk Off Index 2,946.0 -24.0 points.
• Volatility Index(VIX) futures 20.6 -.94%.
• Euro Stoxx 50 futures +.24%.

• S&P 500 futures +.24%

• NASDAQ 100 futures +.36%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AZN)/1.25
• (WRBY)/-.22
  

After the Close:

• None of notge
  

Economic Releases

10:00 pm EST

• The JOLTs Job Openings report for Sept. is estimated to fall to 10300K versus 10439K in Aug.
• Univ. of Mich. Consumer Confidence for Nov. is estimated to rise to 72.5 versus 71.7 in Oct.
• Univ. of Mich. 1 Yr Inflation Expectation estimated to rise to +4.9% versus +4.8% in Oct.
  

Upcoming Splits

• (ANET) 4-for-1
  

Other Potential Market Movers

• The Eurozone Industrial Production report, (EL) analyst meeting and the (BDX) investor day could also impact global trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and metals/mining shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.