Commodity prices are mixed. Jun crude oil (CLM15 +0.03%) is down -0.26% Jun gasoline (RBM15 -0.02%) is down -0.24%. Losses were contained on concern that escalation of Saudi Arabia's military campaign in Yemen may disrupt Middle Eastern crude supplies after the Saudi Press Agency reported that Saudi Arabia deployed National Guard troops to its southern borders. Metals prices are higher. Jun gold (GCM15 +0.82%) is up +0.60% and May copper (HGK15 +0.20%) is up +0.29%. Agriculture prices are mixed.
The dollar index (DXY00 +0.29%) is up +0.20%. EUR/USD (^EURUSD) is down -0.25%. USD/JPY (^USDJPY) is up +0.28%.
Jun T-note prices (ZNM15 -0.01%) are little changed, down -0.5 of a tick.
Fitch Ratings cut Japan's sovereign-credit rating one notch to 'A' from 'A+' with a stable outlook, saying "the Japanese government did not include sufficient structural fiscal measures in its budget for the fiscal year" beginning this month to offset effects of the delay in the sales-tax increase.
There are 10 of the S&P 500 companies that report earnings today with notable reports including: Apple (consensus $2.16), General Growth Properties (0.32), Lab Corp (1.63), Roper Industries (1.52), Plum Creek Timber (0.22), Hartford Financial (0.97).
U.S. IPO's scheduled to price or trade today include: none
Equity conferences this week include: Milken Institute Global Conference on Mon-Wed.
Citigroup raised its price target for Disney (DIS +0.49%) to $125 from $110 and keeps a 'Buy' rating on the stock.
Eaton Vance (EV -0.83%) was downgraded to 'Sell' from 'Neutral' at Citigroup.
Essex Property Trust (ESS -0.32%) was upgraded to 'Buy' from 'Hold' at Jefferies.
Perrigo (PRGO -4.33%) was downgraded to 'Neutral' from 'Buy' at UBS.
C.H. Robinson (CHRW +0.04%) was downgraded to 'Sell' from 'Neutral' at UBS.
Six Flags (SIX +2.41%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
SeaWorld (SEAS +1.66%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
Allscripts (MDRX -1.18%) was upgraded to 'Neutral' from 'Underweight' at Piper Jaffray.
Roper Industries (ROP -0.08%) reported Q1 EPS of $1.55, above consensus of $1.52.
Laboratory Corporation of America Holdings (LH +0.44%) reported Q1 EPS of $1.73, better than consensus of $1.63.
Applied Materials (AMAT -1.67%) slid nearly 7% in pre-market trading after the compnay scrapped its planned $9.39 billion takeover bid of rival Tokyo Electron Ltd. on opposition from the U.S. Department of Justice.
Marvell (MRVL -1.51%) dropped 5% in after-hours trading after it lowered its Q1 revenue guidance to $710 million-$740 million from $810 million-$830 million, well below consensus of $816.25 million.
Paulson & Co. reported an 11.7% passive stake in Synthesis Energy (SYMX -6.09%) .
Jun 10-year T-notes (ZNM15 -0.01%) this morning are down -0.5 of a tick. Friday's closes: TYM5 +8.00, FVM5 +6.25. June T-notes on Friday closed higher on additional weak U.S. economic data as Mar core capital goods orders (ex-defense ex-aircraft), a proxy for capital spending fell -0.5% for the seventh straight monthly decline.
The dollar index (DXY00 +0.29%) this morning is up +0.194 (+0.20%). EUR/USD (^EURUSD) is down -0.0027 (-0.25%). USD/JPY (^USDJPY) is up +0.33 (+0.28%). Friday's closes: Dollar Index -0.356 (-0.37%), EUR/USD +0.00482 (+0.45%), USD/JPY -0.622 (-0.52%). The dollar index on Friday fell to a 2-1/2 week low and closed lower on the weak U.S. March core capital goods orders report and strength in EUR/USD on the rise in German Apr IFO business confidence index to a 10-month high.
Jun WTI crude oil (CLM15 +0.03%) this morning is down -15 cents (-0.26%) and Jun gasoline (RBM15 -0.02%) is down -0.0048 (-0.24%). Friday's closes: CLM5 -0.59 (-1.02%), RBM5 +0.0130 (+0.65%). Jun crude oil and gasoline prices on Friday settled mixed with crude oil continuing to see weakness on Wednesday's EIA report of a new record high in both U.S. and Cushing crude oil inventories. Supportive factors on Friday included the ongoing Saudi air strikes in Yemen and weakness in the dollar index.
|US||0945 ET||Prelim-Apr Markit U.S. services PMI expected -0.4 to 58.8, Mar +2.1 to 59.2. Prelim-Apr Markit composite PMI, March +2.0 to 59.2.|
|1030 ET||Apr Dallas Fed manufacturing outlook survey expected +5.4 to -12.0, Mar -6.2 to -17.4.|
|1100 ET||USDA weekly grain export inspections.|
|1300 ET||Treasury auctions $26 billion 2-year T-notes.|
|1600 ET||USDA weekly crop progress.|
|GER||0200 ET||German Mar import price index expected +0.4% m/m and -2.0% y/y, Feb +1.4% m/m and -3.0% y/y.|
|EUR||0430 ET||ECB Vice President Vitor Constancio and ECB Governing Council member Luc Coeure speak at a Joint Conference of the European Commission and ECB on European Financial Integration and Stability.|
|UK||0600 ET||UK Apr CBI trends total orders expected +4 to 4, Mar 0. Apr CBI trends selling prices expected -2 to 2, Mar 4. Apr CBI business optimism expected +4 to 19, Mar 15.|
|JPN||1950 ET||Japan Mar retail sales expected +0.6% m/m and -7.5% y/y, Feb +0.7% m/m and -1.7% y/y.|
|Laboratory Corp of America Holdings||LH US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.626|
|Roper Industries Inc||ROP US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.52|
|Roper Industries Inc||ROP US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Laboratory Corp of America Holdings||LH US||9:00||Q1 2015 Earnings Call||Q1 2015|
|Boeing Co/The||BA US||10:00||Annual General Meeting||Y 2015|
|Honeywell International Inc||HON US||10:30||Annual General Meeting||Y 2015|
|United Technologies Corp||UTX US||14:00||Annual General Meeting|
|Plum Creek Timber Co Inc||PCL US||17:00||Q1 2015 Earnings Call||Q1 2015|
|Apple Inc||AAPL US||17:00||Q2 2015 Earnings Call||Q2 2015|
|Plum Creek Timber Co Inc||PCL US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.215|
|Universal Health Services Inc||UHS US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.563|
|Apple Inc||AAPL US||Aft-mkt||Q2 2015 Earnings Release||Q2 2015||2.157|
|General Growth Properties Inc||GGP US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.321|
|AvalonBay Communities Inc||AVB US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.753|
|Hartford Financial Services Group Inc/The||HIG US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.966|
|Boston Properties Inc||BXP US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.242|
|CH Robinson Worldwide Inc||CHRW US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.738|
|Genuine Parts Co||GPC US||Annual General Meeting|
|BB&T Corp||BBT US||Board Meeting|
|Microsoft Corp||MSFT US||ITC to Release Findings-Interdigital vs Microsoft Patent-Infringement|