Night Trading
- Asian indices are -.25% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 75.0 +.25 basis point.
- China Sovereign CDS 44.5 +1.75 basis points.
- Bloomberg Emerging Markets Currency Index 61.30 +.11%.
- NASDAQ 100 futures +.46%.
Earnings of Note
Company/Estimate
Before the Open:
After the Close:
Economic Releases
8:30 am EST
- Preliminary Durable Goods Orders for June are estimated to rise +7.0% versus a +15.7% gain in May.
- Preliminary Durables Ex Transports for June is estimated to rise +3.5% versus a +3.7% gain in May.
- Preliminary Cap Goods Orders Non-Defense Ex-Air for June is estimated to rise +1.9% versus a +1.6% gain in May.
10:30 am EST
- The Dallas Fed Manufacturing Activity Index for July is estimated to rise to -4.9 versus -6.1 in June.
Upcoming Splits
Other Potential Market Movers
- The German IFO Guidance, House Hearing on Internet Platforms, $48B 2Y T-Note auction and the $49B 5Y T-Note auction could also impact trading today.
Market Hours
Normal:
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the week.