Friday Watch

Night Trading 

• Asian equity indices are +.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 105.0 -4.5 basis points. 

• China Sovereign CDS 52.0 -8.5 basis points.
  

• Bloomberg Emerging Markets Currency Index 52.17 -.10%. 
• Bloomberg Global Risk-On/Risk Off Index 3,326.0 -111.0 points.
• Volatility Index(VIX) futures 27.5 +1.4%.
• Euro Stoxx 50 futures -.15%.

• S&P 500 futures -.39%.

• NASDAQ 100 futures -.49%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (ONON)/.00

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• Existing Home Sales for Feb. is estimated to fall to 6.1M versus 6.5M in Jan.
• The Leading Index for Feb. is estimated to rise +.3% versus a -.3% decline in Jan.
  

Upcoming Splits

• (WRB) 3-for-2
• (ACMR) 3-for-1
  

Other Potential Market Movers

• The Fed's Bowman speaking, Eurozone Trade Balance report and the (AFRM) fireside chat 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 commodity 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 50% net long heading into the day.