Thursday Watch

Evening Headlines
Bloomberg:
Wall Street Journal:
Fox News:
CNBC.com:
MarketWatch.com:       
Night Trading 
  • Asian equity indices are +.256%  to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 66.0 unch.
  • China Sovereign CDS 40.0 -.75 basis point.
  • Bloomberg Emerging Markets Currency Index 60.31 +.05%.
  • FTSE 100 futures -.41%.
  • S&P 500 futures -.01%.
  • NASDAQ 100 futures +.03%.
Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:
  • (FLR)/.25
  • (IIVI)/.78
  • (JKS)/.75
  • (NTES)/32.05
  • (TPR)/-.61
  • (TNK)/2.58
After the Close:
  • (AMAT)/.95
  • (BIDU)/9.80
  • (DDS)/4.34
  • (MYGN)/-.49
Economic Releases
8:30 am EST
  • The Import Price Index MoM for July is estimated to rise +.6% versus a +1.4% gain in June.
  • The Export Prices Index MoM for July is estimated to rise +.4% versus a +1.4% gain in June.
  • Initial Jobless Claims are estimated to fall to 1100K versus 1186K the prior week. 
  • Continuing Claims are estimated to fall to 15800K versus 16107K prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Brainard speaking, German Inflation Data reports, China New Home Sales report, $26B 30Y T-Bond auction, weekly Bloomberg Consumer Comfort Index, weekly EIA natural gas inventory report, (CMC) investor day and the (IDXX) investor day could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial 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.
Source: hedgefundmgr

Thursday Watch