Friday Watch

Night Trading 

• Asian equity indices are -1.5% to -.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 88.0 +1.5 basis points. 

• China Sovereign CDS 47.0 +.5 basis point.
  

• Bloomberg Emerging Markets Currency Index 54.42 -.12%. 
• Bloomberg Global Risk-On/Risk Off Index 2,977.0 -160.0 points.
• Volatility Index(VIX) futures 25.8 +3.3%.
• Euro Stoxx 50 futures -1.76%.

• S&P 500 futures -.8%.

• NASDAQ 100 futures -1.3%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (ALLY)/1.97
• (HBAN)/.35
• (INFO)/.84
• (SLB)/.39
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• The Leading Index for Dec. is estimated to rise +.8% versus a +1.1% gain in Nov.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The UK retail sales report could also impact global trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the day.