Japan Feb national CPI rose +2.2% y/y, weaker than expectations of +2.3% y/y and the slowest pace of increase in 11 months. Feb national CPI ex-fresh food rose +2.0% y/y, less than expectations of +2.1% y/y. Feb national CPI ex food & energy rose +2.0% y/y, less than expectations of +2.1% y/y.
The Japan Feb jobless rate fell -0.1 to 3.5%, right on expectations. The Feb job-to-applicant ratio rose +0.01 to 1.15, right on expectations and the highest since Mar 1992.
Japan Feb retail sales rose +0.7% m/m and fell -1.8% y/y, weaker than expectations of +0.9% m/m and -1.5% y/y.
Japan Feb overall household spending fell -2.9% y/y, a smaller decrease than expectations of -3.2% y/y, but still the 11th consecutive month that spending has declined.
The German Feb import price index rose +1.4% m/m and fell -3.0% y/y, stronger than expectations of +0.5% m/m and -3.9% y/y.
UK Mar nationwide house prices rose +0.1% m/m and +5.1% y/y, weaker than expectations of +0.2% m/m and +5.3% y/y.
There are 2 of the Russell 1000 companies that report earnings today: Carnival (consensus $0.09), Ocwen Financial (0.26).
U.S. IPOs that price today include: Applied DNA Sciences (APDN). There are no U.S. IPOs that are scheduled to start trading today.
There are no equity conferences today.
Finish Line (FINL +2.18%) reported Q4 adjusted EPS of 88 cents, better than consensus of 85 cents.
Conn's (CONN -0.56%) was upgraded to 'Overweight' from 'Neutral' at Piper Jaffray.
ArcelorMittal (MT -2.72%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Carnival Cruise Lines (CCL +0.05%) rose over 1% in after-hours trading after it said it will add nine new cruise ships to its fleet over a four-year period from 2019-2022.
Charles Schwab (SCHW +1.95%) was initiated with an 'Outperform' at RBC Capital with a price target of $38.
UBS has a 'Buy' rating and $110 price target on McDonald's (MCD -0.51%) and says it sees the new direction of McDonald's management creating significant cost reduction potential.
SanDisk (SNDK -18.45%) was downgraded to 'Hold' from 'Buy' at Evercore ISI.
Corvex Management reported a 7.2% stake in Signet Jewelers (SIG +6.02%) .
F5 Networks (FFIV -0.59%) was initiated with a 'Buy' at Guggenheim with a price target of $130.
Yahoo! (YHOO +0.61%) rose nearly 2% in pre-market trading after it was initiated with an 'Overweight' at Morgan Stanley with a price target of $55.
Restoration Hardware (RH +1.01%) reported Q4 EPS of $1.02, better than consensus of $1.01.
GameStop (GME -2.56%) fell nearly 6% in after-hours trading after it reported Q4 adjusted EPS of $2.15, less than consensus of $2.17, and then lowered guidance on fiscal 2015 EPS to $3.60-$3.80, below consensus of $4.04.
Jun 10-year T-notes (ZNM15 +0.09%) this morning are up +1.5 ticks. Thursday's Closes: TYM5 -18.50, FVM5 -8.00. T-note prices closed with fairly sharp losses on Thursday as initial unemployment claims unexpectedly fell by -9,000 to a 5-week low of 282,000. In addition, demand was weak for the Treasury's $29 billion 7-year T-note auction, which carried a bid cover ratio of only 2.32, below the 12-auction average of 2.51 and the weakest since May 2009.
The dollar index (DXY00 +0.09%) this morning is up +0.269 (+0.28%). EUR/USD (^EURUSD) is down -0.0049 (-0.45%). USD/JPY (^USDJPY) is up +0.18 (+0.15%). Thursday's Closes: Dollar index +0.457 (+0.47%), EUR/USD -0.00857 (-0.78%), USD/JPY -0.304 (-0.25%). The dollar index on Thursday closed higher on some flight-to-quality with the Saudi air attack on rebels in Yemen and on Atlanta Fed President Lockhart's hawkish comment that the U.S. economy can handle moving to a higher interest-rate environment.
May WTI crude oil (CLK15 -1.69%) this morning is down -79 cents (-1.54%) and May gasoline (RBK15 -1.15%) is down -0.0177 (-0.94%). Thursday's Closes: CLK5 +2.22 (+4.51), RBK5 +0.0336 (+1.83%). May crude oil and gasoline prices on Thursday rallied to new 3-week highs and closed higher. Oil prices were mainly boosted by Saudi Arabia's air strikes against Shiite Houthi rebels in Yemen, which raised worries about a disruption of Middle East oil supplies and even about whether the conflict could spread into Saudi Arabia itself. Crude oil prices were undercut by the higher close in the dollar.
|US||0830 ET||Q4 GDP expected revised to 2.4% (q/q annualized) from 2.2%. Q4 personal consumption expected revised to +4.4% from +4.2%. Q4 GDP price index expected unrevised at +0.1%. Q4 core PCE deflator expected unrevised at +1.1% q/q.|
|1000 ET||Final-March U.S. consumer sentiment (University of Michigan) expected +0.8 to 92.0, previous -4.2 to 91.2.|
|1500 ET||USDA Q1 Hogs & Pigs Inventory.|
|1545 ET||Fed Chair Janet Yellen speaks on monetary policy at a San Francisco Fed conference on The New Normal for Monetary Policy.|
|GER||0300 ET||German Feb import price index expected +0.5% m/m and -3.9% y/y, Jan -0.8% m/m and -4.4% y/y.|
|UK||0300 ET||UK Mar nationwide house prices expected +0.2% m/m and +5.3% y/y, Feb -0.1% m/m and +5.7% y/y.|
|Carnival Corp||CCL US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.094|
|Baker Hughes Inc||BHI US||10:00||Extraordinary Shareholders Meeting|
|Carnival Corp||CCL US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Colgate-Palmolive Co||CL US||Board Meeting|
|Halliburton Co||HAL US||Extraordinary Shareholders Meeting|
|Omega Healthcare Investors Inc||OHI US||Extraordinary Shareholders Meeting|
|Ocwen Financial Corp||OCN US||Q4 2014 Earnings Release||Q4 2014||0.261|
|DreamWorks Animation SKG Inc||DWA US||U.S. Box Office Release of Movie Home""|