Friday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 80.0 -1.0 basis point. 

• China Sovereign CDS 40.25 -.25 basis point.
  

• Bloomberg Emerging Markets Currency Index 54.04 -.1%. 
• Bloomberg Global Risk-On/Risk Off Index 3,195.0 -4.0 points.
• Volatility Index(VIX) futures 19.8 -.7%.
• Euro Stoxx 50 futures n/a.

• S&P 500 futures -.13%.

• NASDAQ 100 futures -.09%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• None of note
  

After the Close:

• None of note
  

Economic Releases

• None of note

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China PMI data could also impact global trading today.

US Equity Market Hours

• 9:30 am - 1:00 pm EST
  

BOTTOM LINE: Asian indices are mostly lower, weighed down 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 75% net long heading into the day.