Friday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 83.0 -1.5 basis points. 

• China Sovereign CDS 42.0 -1.75 basis points.
  

• Bloomberg Emerging Markets Currency Index 51.93 -.01%. 
• Bloomberg Global Risk-On/Risk Off Index 2,574.0 -20.0 points.
• Volatility Index(VIX) futures 22.8 -.3%.
• Euro Stoxx 50 futures -.36%.

• S&P 500 futures +.17%.

• NASDAQ 100 futures +.17%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (DRI)/1.44
• (WGO)/2.34
  

After the Close:

• None of note
  

Economic Releases

• None of note
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Waller speaking, German PPI report and (PFE) analyst call could also impact global trading today.

US Equity Market Hours

• 9:30 am - 1:00 pm EST
  

BOTTOM LINE: Asian indices are mostly higher, boosted by financial and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.