OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH16 +0.02%) are up +0.02%and European stocks are up +0.09%% as crude oil prices (CLG16 +0.20%) gained +0.45% in overnight trading. European stocks also found support after German Dec GfK consumer confidence unexpectedly rose. Gains in stocks were limited as weaker metals prices undercut miners and raw-material producers. Asian stocks settled mixed: Japan -0.16%, Hong Kong +0.18%, China +0.26%, Taiwan +0.13%, Australia +0.15%, Singapore +0.26%, South Korea +0.71%, India -0.56%. China’s Shanghai Composite eked out a new 3-week high on positive carryover from Monday when the Chinese government signaled more stimulus measures.

The dollar index (DXY00 -0.12%) is down -0.13%. EUR/USD (^EURUSD) is up +0.26 % after German Nov import prices fell less than expected and German Dec GfK consumer confidence unexpectedly rose. USD/JPY (^USDJPY) is down -0.21%.

Mar T-note prices (ZNH16 -0.02%) are down -2.5 ticks.

German Dec GfK consumer confidence unexpectedly rose +0.1 to 9.4, stronger than expectations of unch at 9.3.

The German Nov import price index fell -0.2% m/m and -3.5% y/y, a slower pace of decline than expectations of -0.2% m/m and -3.7% y/y.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Q3 GDP (expected revised to +1.9% from +2.1%), (2) Oct FHFA house price index (expected +0.5% m/m, Sep +0.8% m/m), (3) Nov existing home sales (expected -0.4% at 5.34 million, Oct -3.4% to 5.36 million), (4) Dec Richmond Fed manufacturing survey (expected +2 to -1, Nov -2 to -3).

There are 4 of the Russell 1000 companies that report earnings today: ConAgra Foods (consensus $0.60), Paychex (0.51), NIKE (0.86), Micron Technology (0.23).

U.S. IPO’s scheduled to price today: none.

Equity conferences this week: none.

OVERNIGHT U.S. STOCK MOVERS

Express Scripts Holdings (ESRX +1.78%) rose over 1% in pre-market trading after it gave guidance on fiscal 2016 adjusted EPS of $6.08-$6.28, above consensus of $6.05.

Print Friendly, PDF & Email

Related Posts