Friday, July 19, 2013

Friday Watch

Night Trading
  • Asian equity indices are -1.0% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 128.0 -9.0 basis points.
  • Asia Pacific Sovereign CDS Index 100.75 -5.5 basis points.
  • FTSE-100 futures -.28%.
  • S&P 500 futures -.23%.
  • NASDAQ 100 futures -.04%.
Morning Preview Links

Earnings of Note

Company/Estimate
  • (BHI)/.65
  • (GE)/.35
  • (HON)/1.21
  • (IR)/1.08
  • (IPG)/.21
  • (KSU)/.95
  • (LH)/1.80
  • (MAN)/.90
  • (COL)/1.15
  • (SLB)/1.10
  • (STT)/1.18
  • (STI)/.66
  • (VFC)/1.17
  • (WHR)/2.42
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • German inflation data could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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