BARCHART MORNING CALL 10/20

BARCHART MORNING CALL

Tuesday, October 20th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 -0.21%) are down -0.31% and European stocks are down -0.85% on reduced chances of additional easing from the ECB after the ECB's lending survey showed that credit standards on loans to companies eased for the sixth consecutive quarter. Also, weakness is IBM, which is down -4.5% in pre-market trading, is undercutting stocks after it lowered its full-year profit forecast after Q3 revenue missed estimates. Mining companies and raw-material stocks are lower as well after the price of copper (HGZ15 -0.30%) fell to a 1-week low. Asian stocks settled mixed: Japan +0.42%, Hong Kong -0.37%, China +1.14%, Taiwan +0.26%, Australia -0.65%, Singapore -0.18%, South Korea +0.43%, India -0.21%. China's Shanghai Composite rose to a 1-3/4 month high as a rally in small-cap stocks led the overall market higher on speculation the government will boost stimulus in the technology industry to offset the faltering industrial sector.

The dollar index (DXY00 -0.31%) is down -0.31%. EUR/USD (^EURUSD) is up +0.45%. USD/JPY (^USDJPY) is up +0.11%.

Dec T-note prices (ZNZ15 -0.15%) are down -6 ticks on negative carryover from a slide in German bund prices after strength in the ECB's Bank Lending Survey curbed speculation the ECB will expand QE.

The ECB said Q3 credit standards on loans to companies eased for the sixth consecutive quarter, according to the ECB's Bank Lending Survey. The survey showed 40% of banks said they used the extra liquidity from the ECB's QE program to lend to companies, while 14% increased mortgages and 36% expanded consumer credit and other loans to households.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Sep housing starts (expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million), (2) introductory remarks by Fed Governor Jerome Powell and New York Fed President William Dudley at a conference on bond market liquidity, and (3) Fed Chair Janet Yellen's welcoming remarks at a Labor Hall of Honor Induction Ceremony.

There are 22 of the S&P 500 companies that report earnings today with notable reports including: Yahoo (consensus $0.16), Bank of New York Mellon (0.71), Fifth Third Bancorp (0.40), Verizon (1.02), Chipotle (4.62), Discover Financial Services (1.33), Navient (0.48).

U.S. IPO's scheduled to price today: Ferrari (RACE).

Equity conferences today include: Private Wealth Latin America and The Caribbean Forum on Wed.

OVERNIGHT U.S. STOCK MOVERS

International Business Machines (IBM -0.78%) fell nearly 5% in pre-market trading after it reported Q3 adjusted EPS of $3.34, above consensus of $3.30, but then lowered guidance for fiscal 2015 EPS to $15.25, plus or minus 50 cents, below consensus of $15.68.

Fifth Third Bancorp (FITB +0.11%) reported Q3 EPS of 39 cents, below consensus of 40 cents.

Harley Davidson (HOG +1.16%) reported Q3 EPS of 69 cents, weaker than consensus of 78 cents.

The Travelers Cos. (TRV +0.40%) reported Q3 EPS of $2.93, higher than consensus of $2.26.

Omnicom Group (OMC +0.07%) reported Q3 EPS of 97 cents, better than consensus of 95 cents.

Wolverine World Wide (WWW -0.25%) reported Q3 EPS of 48 cents, right on consensus, but then lowered guidance on fiscal 2015 EPS to $144-$1.47 from a February estimate of $1.53-$1.60, below consensus of $1.47.

The Fresh Market (TFM +3.51%) was raised to 'Neutral' from 'Underperform' at Credit Suisse.

Hexcel (HXL +0.07%) fell over 4% in after-hours trading after it reported Q3 EPS of 55 cents, weaker than consensus of 59 cents, and then lowered guidance on fiscal 2015 EPS to $2.28-$2.34, below consensus of $2.43.

SanDisk (SNDK +2.90%) jumped over 8% in after-hours trading after people with knowledge of the matter said SanDisk is in advanced talks to sell itself to Western Digital Corp.

Ctrip.com (CTRIP) climbed nearly 2% in after-hours trading after Priceline Group raised its stake in the company to 12.63%.

Rambus (RMBS +0.87%) sank nearly 15% in after-hours trading after it reported Q3 EPS of 14 cents, right on consensus, but then lowered guidance on Q4 revenue to $71 million -$77 million, below consensus of $83.4 million.

Sonic Corp. (SONC +1.99%) rose 5% in after-hours trading after it reported Q4 EPS of 43 cents, better than consensus of 42 cents, and raised guidance for fiscal year 2016 EPS growth to 16% to 20% per share, higher than a previous outlook of 14% to 18% growth.

Flexatronic International (FLEX -0.80%) rose 6% in after-hours trading after it reported Q2 EPS of 27 cents, higher than consensus of 25 cents.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 -0.21%) this morning are down -6.25 points (-0.31%). Monday's closes: S&P 500 +0.03%, Dow Jones +0.08%, Nasdaq +0.53%. The S&P 500 on Monday closed slightly higher on reduced Chinese economic concerns after the China Q3 GDP report of +6.9% y/y was slightly stronger than expectations of +6.8% y/y. In addition, the U.S. Oct NAHB housing market index showed a larger than-expected gain to a new 10-year high of 64. Meanwhile, bank stocks were undercut by disappointing earnings from Morgan Stanley and by weakness in energy producers after crude oil fell by over-3%.

Dec 10-year T-notes (ZNZ15 -0.15%) this morning are down -6 ticks. Monday's closes: TYZ5 -2.00, FVZ5 +1.00. Dec T-notes on Monday closed slightly lower on increased worries about a Fed tightening after the stronger-than-expected Chinese Q3 GDP of +6.9% and the larger-than-expected increase in the Oct NAHB housing market index to a 10-year high.

The dollar index (DXY00 -0.31%) this morning is down -0.293 (-0.31%). EUR/USD (^EURUSD) is up +0.0051 (+0.45%). USD/JPY (^USDJPY) is up +0.13 (+0.11%). Monday's closes: Dollar Index +0.388 (+0.41%), EUR/USD -0.0021 (-0.19%), USD/JPY +0.06 (+0.05%). The dollar index on Monday rose to a 1-week high and closed higher on the slightly increased chances for a Fed rate hike after the stronger-than-expected U.S. Oct NAHB housing market index report to a 10-year high. In addition, EUR/USD fell to a 1-week low on speculation that ECB President Draghi will consider expanding QE when the ECB meets on Thursday.

Dec crude oil (CLZ15 +0.19%) this morning is down -1 cent (-0.02%) and Dec gasoline (RBZ15 +0.31%) is down -0.0006 (-0.05%). Monday's closes: CLZ5-1.44 (-3.02%), RBZ5 -0.0538 (-4.03%). Dec crude oil and gasoline prices on Monday closed lower with Dec gasoline at a 1-1/2 month low. Crude oil and gasoline prices were undercut by the rally in the dollar index to a 1-week high and the decline in Q3 China GDP to a 6-1/2 year low of +6.9% y/y. In addition, the market is expecting Wednesday's weekly EIA report to show a +500,000 bbl increase in Cushing crude oil inventories.

GLOBAL EVENT CALENDAR10/20/2015

US	0830 ET	Sep housing starts expected +1.4% to 1.142 million, Aug -3.0% to 1.126 million. Sep building permits expected unch at 1.170 million, Aug +3.5% to 1.170 million.
	0900 ET	Fed Governor Jerome Powell and New York Fed President William Dudley give introductory remarks at a conference on bond market liquidity.
	1100 ET	Fed Chair Janet Yellen delivers welcoming remarks at a Labor Hall of Honor Induction Ceremony.
GER	0200 ET	German Sep PPI expected -0.2% m/m and -1.8% y/y, Aug -0.5% m/m and -1.7% y/y.
JPN	0130 ET	Japan Sep nationwide department store sales, Aug +2.7% y/y.
	0200 ET	Revised Japan Sep machine tool orders, previous -19.1% y/y.
	1950 ET	Japan Sep trade balance expected +87.0 billion yen, Aug -569.4 billion yen. Sep exports expected +3.8% y/y, Aug +3.1% y/y. Sep imports expected -11.9% y/y, Aug -3.1% y/y.
EUR	0400 ET	Eurozone Aug current account, Jul +33.8 billion euros (nsa).

U.S. STOCK CALENDAR10/20/2015

Company	Ticker	Time	Event Description	Period	Estimate
TEGNA Inc	TGNA US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.356
Harley-Davidson Inc	HOG US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.783
United Technologies Corp	UTX US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.544
Pentair PLC	PNR US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.958
Lockheed Martin Corp	LMT US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	2.717
Prologis Inc	PLD US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.578
Regions Financial Corp	RF US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.196
Bank of New York Mellon Corp/The	BK US	6:30	Q3 2015 Earnings Release	Q3 2015	0.712
Fifth Third Bancorp	FITB US	6:30	Q3 2015 Earnings Release	Q3 2015	0.4
Travelers Cos Inc/The	TRV US	6:57	Q3 2015 Earnings Release	Q3 2015	2.262
Dover Corp	DOV US	7:00	Q3 2015 Earnings Release	Q3 2015	1.066
Omnicom Group Inc	OMC US	7:00	Q3 2015 Earnings Release	Q3 2015	0.951
Verizon Communications Inc	VZ US	7:30	Q3 2015 Earnings Release	Q3 2015	1.022
Bank of New York Mellon Corp/The	BK US	8:00	Q3 2015 Earnings Call	Q3 2015
Verizon Communications Inc	VZ US	8:30	Q3 2015 Earnings Call	Q3 2015
Omnicom Group Inc	OMC US	8:30	Q3 2015 Earnings Call	Q3 2015
United Technologies Corp	UTX US	8:30	Q3 2015 Earnings Call	Q3 2015
Harley-Davidson Inc	HOG US	9:00	Q3 2015 Earnings Call	Q3 2015
Travelers Cos Inc/The	TRV US	9:00	Q3 2015 Earnings Call	Q3 2015
Fifth Third Bancorp	FITB US	9:00	Q3 2015 Earnings Call	Q3 2015
Pentair PLC	PNR US	9:00	Q3 2015 Earnings Call	Q3 2015
Dover Corp	DOV US	10:00	Q3 2015 Earnings Call	Q3 2015
TEGNA Inc	TGNA US	10:00	Q3 2015 Earnings Call	Q3 2015
JM Smucker Co/The	SJM US	10:00	Investor Day	Y 2015
Lockheed Martin Corp	LMT US	11:00	Q3 2015 Earnings Call	Q3 2015
Regions Financial Corp	RF US	11:00	Q3 2015 Earnings Call	Q3 2015
Prologis Inc	PLD US	12:00	Q3 2015 Earnings Call	Q3 2015
Chipotle Mexican Grill Inc	CMG US	16:00	Q3 2015 Earnings Release	Q3 2015	4.624
Yahoo! Inc	YHOO US	16:05	Q3 2015 Earnings Release	Q3 2015	0.159
Intuitive Surgical Inc	ISRG US	16:05	Q3 2015 Earnings Release	Q3 2015	4.221
Discover Financial Services	DFS US	16:05	Q3 2015 Earnings Release	Q3 2015	1.325
Intuitive Surgical Inc	ISRG US	16:30	Q3 2015 Earnings Call	Q3 2015
Chipotle Mexican Grill Inc	CMG US	16:30	Q3 2015 Earnings Call	Q3 2015
Yahoo! Inc	YHOO US	17:00	Q3 2015 Earnings Call	Q3 2015
Discover Financial Services	DFS US	17:00	Q3 2015 Earnings Call	Q3 2015
Chubb Corp/The	CB US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.014
ACE Ltd	ACE US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	2.368
FMC Technologies Inc	FTI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.579
Navient Corp	NAVI US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.476
Sigma-Aldrich Corp	SIAL US		Q3 2015 Earnings Release	Q3 2015	1.055

BARCHART MORNING CALL 9/15

BARCHART MORNING CALL

Tuesday, September 15th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.10%) are up +0.05% and European stocks are up +0.72%. European stocks recovered from a 2-week low and moved higher led by strength in automakers after Eurozone Aug new car registrations rose +11.2% y/y to 745,000. European stocks had slid to a 2-week low after China's Shanghai Composite fell more than 3% to a 2-week low and after German investor confidence fell more than expected to a 10-month low. Comments from OECD Secretary General Gurria added to the negative tone in stocks when he said the global economy is not accelerating and that the OECD may cut its global economic outlook. Asian stocks closed mostly lower: Japan +0.34%, Hong Kong -0.49%, China -3.52%, Taiwan -0.57%, Australia -1.53%, Singapore -1.03%, South Korea +0.23%, India -0.58%. Japanese stocks closed higher and the yen strengthened after the BOJ refrained from adding additional stimulus following today's 2-day policy meeting and after BOJ Governor Kuroda said he sees a gradual recovery continuing in the economy.

The dollar index (DXY00 -0.05%) is up +0.02%. EUR/USD (^EURUSD) is down -0.13%. USD/JPY (^USDJPY) is down -0.44%.

Dec T-note prices (ZNZ15 +0.06%) are up +3 ticks.

The German Sep ZEW survey expectations of economic growth fell -12.9 to 12.1, weaker than expectations of -6.7 to 18.3 and the lowest in 10 months.

Eurozone Aug new car registrations rose +11.2% y/y to 745,000.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Aug retail sales (expected +0.3% and +0.2% ex autos), (2) Sep Empire manufacturing survey general business conditions (expected +14.52 to -0.40), (3) Aug industrial production (expected -0.2% m/m), (4) Aug capacity utilization (expected -0.2 to 77.8%), (5) Jul business inventories (expected +0.1%).

One of the Russell 2000 companies report earnings today: United Natural Foods (consensus $0.72).

U.S. IPO's scheduled to price today include: none.

Equity conferences this week include: Bank of America Merrill Lynch Power & Gas Leaders Conference on Wed-Thu, Citi 2015 Industrials Conference on Wed-Thu, Deutsche Bank Technology Conference on Wed-Thu, Morgan Stanley Industrials Conference on Wed-Thu, Barclays Capital Global Financial Services Conference on Wed-Fri, Credit Suisse Basic Materials Conference on Wed-Fri, Goldman Sachs Communacopia Conference on Wed-Fri, Morgan Stanley Global Healthcare Conference on Wed-Fri, Bank of America Merrill Lynch Global Health Care Conference on Thu, Imperial Capital Global Opportunities Conference on Thu, and AACR CRI-CIMT-EATI Immunotherapy Conference on Thu-Fri.

OVERNIGHT U.S. STOCK MOVERS

Owens-Illinois (OI +0.25%) and Weyerhaeuser (WY -0.51%) were both upgraded to 'Buy' from 'Neutral' at BofA/Merrill Lynch.

Corning (GLW -0.28%) was initiated with a 'Buy' at Deutsche Bank with a price target of $21.

The Fresh Market (TFM -0.90%) was upgraded to 'Buy' from 'Hold' at Jefferies.

Whirlpool (WHR -0.91%) was upgraded to 'Top Pick' from 'Outperform' at RBC Capital.

Nordstrom (JWN -0.57%) was upgraded to 'Buy' from 'Hold' at Stifel.

Joy Global (JOY -0.11%) was downgraded to 'Neutral' from 'Buy' at Axiom.

Commerzbank (CRZBY -0.13%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.

UBS (UBS -1.93%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.

Credit Suisse (CS -2.16%) was upgraded to 'Conviction Buy' from 'Buy' at Goldman Sachs.

Carl Icahn raised his stake in Cheniere Energy (LNG +2.60%) to 9.59% from 8.18%.

Glenhill Advisors reported a 5.9% passive stake in UTi Worldwide (UTIW -1.99%) .

Fitbit (FIT -1.23%) was initiated with an 'Overweight' at Pacific Crest with a price target of $47.

Bristow Group (BRS -2.80%) was initiated with an 'Outperform' at Oppenheimer with a price target of $52.

MARKET COMMENTS

Dec E-mini S&Ps (ESZ15 +0.10%) this morning are up +1.00 point (+0.05%). Monday's closes: S&P 500 -0.41%, Dow Jones -0.38%, Nasdaq -0.33%. The S&P 500 Monday closed lower on negative carry-over from a slide in Chinese stocks on concern the slowdown in China is deepening after China Aug industrial production rose +6.1% y/y, weaker than expectations of +6.5% y/y, and after China Aug fixed asset investment rose at the slowest pace in 14-1/2 years. Also, weakness in energy and raw-material stocks pressured the overall market after copper and crude oil declined.

Dec 10-year T-notes (ZNZ15 +0.06%) this morning are up +3 ticks. Monday's closes: TYZ5 +0.50, FVZ5 +0.25. Dec T-notes Monday closed higher on carryover support from a rally in German bunds which rose to a 2-1/2 week high and on weakness in stocks which boosted the safe-haven demand for Treasuries. T-notes also garnered support on speculation the Fed will refrain from raising interest rates at this Wednesday and Thursday’s FOMC meeting.

The dollar index (DXY00 -0.05%) this morning is up +0.017 (+0.02%). EUR/USD (^EURUSD) is down -0.0015 (-0.13%). USD/JPY (^USDJPY) is down-0.53 (-0.44%). Monday's closes: Dollar Index +0.052 (+0.05%), EUR/USD -0.0021 (-0.19%), USD/JPY -0.36 (-0.30%). The dollar index Monday rebounded from a 2-week low and closed higher on short-covering ahead of the 2-day FOMC meeting this Wednesday and Thursday, and on speculation that the BOJ and ECB may expand their stimulus measures as the Fed raises interest rates, which is positive for dollar interest rate differentials.

Oct crude oil (CLV15 +1.00%) this morning is up +40 cents (+0.91%) and Oct gasoline (RBV15 +0.87%) is up +0.0119 (+0.91%). Monday's closes: CLV5-0.51 (-1.14%), RBV5 -0.0634 (-4.63%). Oct crude oil and gasoline closed lower Monday with Oct gasoline at a 7-1/2 month nearest-futures low on Chinese economic concerns after China Aug industrial production rose less than expected, which signals reduced energy demand and consumption. Crude prices were also pressured from a rebound in the dollar after the dollar index recovered from a 2-week low and closed higher.

GLOBAL EVENT CALENDAR09/15/2015

US	0830 ET	Aug retail sales expected +0.3% and +0.2% ex autos, Jul +0.6% and +0.4% ex autos.
	0830 ET	Sep Empire manufacturing survey general business conditions expected +14.52 to -0.40, Aug -18.78 to -14.92.
	0915 ET	Aug industrial production expected -0.2% m/m, Jul +0.6% m/m. Aug capacity utilization expected -0.2 to 77.8%, Jul +0.3 to 78.0%.
	1000 ET	Jul business inventories expected +0.1%, Jun +0.8%.
EUR	0200 ET	Eurozone Aug new car registrations, Jul +14.6% y/y.
	0500 ET	Eurozone Q2 employment, Q1 +0.1% q/q and +0.8% y/y.
UK	0430 ET	UK Aug CPI expected +0.2% m/m and unch y/y, Jul -0.2% m/m and +0.1% y/y. Aug core CPI expected +1.0% y/y, Jul +1.2% y/y.
	0430 ET	UK Aug RPI expected +0.3% m/m and +0.9% y/y, Jul -0.1% m/m and +1.0% y/y. Aug RPI ex-mortgage interest payments expected +0.9% y/y, Jul +1.1% y/y.
	0430 ET	UK Aug PPI input prices expected -2.4% m/m and -13.6% y/y, Jul -0.9% m/m and -12.4% y/y.
	0430 ET	UK Aug PPI output prices expected -0.2% m/m and -1.7% y/y, Jul -0.1% m/m and -1.6% y/y. Aug PPI output core expected unch m/m and +0.2% y/y, Jul +0.1% m/m and +0.3% y/y.
	0430 ET	UK Jul ONS house prices, Jun +5.7% y/y.
GER	0500 ET	German Sep ZEW survey expectations of economic growth expected -6.7 to 18.3, Aug 25.0. Sep ZEW survey current situation expected-1.7 to 64.0, Aug 65.7.
JPN	n/a	BOJ announces interest rate decision and asset purchase target.

U.S. STOCK CALENDAR09/15/2015

Company	Ticker	Time	Event Description	Period	Estimate
United Natural Foods Inc	UNFI US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.721

BARCHART MORNING CALL 8/21

BARCHART MORNING CALL

Friday, August 21st, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

September E-mini S&Ps (ESU15 -0.23%) are down -0.19% at a 6-1/2 month low and European stocks are down -1.26% at a 6-week low after weaker-than-expected Chinese manufacturing data added to concern that the global economic slowdown is deepening. U.S. and European stocks recovered a majority of their losses after Eurozone manufacturing data showed the European economy picked up momentum after the German Aug Markit/BME manufacturing PMI unexpectedly expanded at its fastest pace in 16 months. Asian stocks closed sharply lower: Japan -2.98%, Hong Kong -1.53%, China -4.27%, Taiwan -3.02%, Australia -1.40%, Singapore -1.29%, South Korea -1.92%, India -0.88%. China's Shanghai Composite and Japan's Nikkei Stock Index fell to 6-week lows after a measure of China's manufacturing activity contracted at the fastest pace in 6-1/3 years. Emerging market currencies also sold off against the dollar as the South African rand fell to a nearly 14-year low, India's rupee declined to a nearly 2-year low and the Malaysian ringgit slumped to a 17-year low.
The dollar index (DXY00 -0.58%) is down -0.66% at a 1-1/2 month low on speculation the turmoil in global financial markets will keep the Fed from raising interest rates. EUR/USD (^EURUSD) is up +0.43% at a 1-3/4 month high after European manufacturing activity expanded at a faster pace than expected. USD/JPY (^USDJPY) is down -0.71% at a 1-1/4 month low as the slump in global stocks boosts the safe-haven demand for the yen.

Sep T-note prices (ZNU15 +0.13%) are up +4 ticks at a 1-week high.
The China Aug Caixin manufacturing PMI unexpectedly fell -0.7 to 47.1, weaker than expectations of +0.4 to 48.2 and the slowest pace of growth in 6-1/3 years.
The German Aug Markit/BME manufacturing PMI unexpectedly rose +1.4 to 53.2, stronger than expectations of -0.2 to 51.6 and the fastest pace of growth in 16 months. The Aug Markit services PMI fell -0.2 to 53.6, weaker than expectations of -0.1 to 53.7.
The Eurozone Aug Markit manufacturing PMI was unch at 52.4, better than expectations of -0.2 to 52.2. The Aug Markit composite PMI unexpectedly rose +0.2 to 54.1, stronger than expectations of -0.2 to 53.7.

U.S. STOCK PREVIEW

Key U.S. news today includes: No economic reports or Fed speakers scheduled for today.
There are 3 of the S&P 500 and Russell 2000 companies that reports earnings today: Deere & Co. (consensus $1.44), Hibbett Sports (0.27), ANN Inc. (0.69).
U.S. IPO's scheduled to price today include: None.
Equity conferences during the remainder of this week include: None.

OVERNIGHT U.S. STOCK MOVERS

Lufthansa (DLAKY -0.39%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Foot Locker (FL -3.16%) reported Q2 EPS of 84 cents, well above consensus of 69 cents.
Deere & Co. (DE -1.45%) reported Q3 EPS of $1.53, better than consensus of $1.44.
Adidas (ADDDY) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Biogen reported a 8.1% passive stake in Applied Genetic (AGTC -3.42%) .
The Fresh Market (TFM -2.42%) slumped over 10% in after-hours trading after it reported Q2 adjusted EPS of 36 cents, weaker than consensus of 40 cents, and then lowered guidance on fiscal 2015 adjusted EPS view to $1.55-$1.65 from $1.85-$1.93, below consensus of $1.85.
Ross Stores (ROST -0.81%) dropped over 8% in after-hours trading after it reported Q2 EPS of 63 cents, above consensus of 62 cents, but then lowered guidance on fiscal 2015 EPS to $2.40-$2.45, at the lower end of consensus of $2.45.
Hewlett-Packard (HPQ -1.41%) reported Q3 EPS of 88 cents, better than consensus of 85 cents.
Salesforce.com (CRM -5.86%) rose over 3% in after-hours trading after it reported Q2 adjusted EPS of 19 cents, higher than consensus of 18 cents.
Brocade (BRCD -3.19%) jumped 7% in after-hours trading after it reported Q3 adjusted EPS of 27 cents, better than consensus of 22 cents, and then Summit Reasearch upgraded the stock to 'Buy' from 'Hold.'
Intuit (INTU -3.14%) slid 4% in after-hours trading after it reported a Q4 adjusted EPS loss of -5 cents, a smaller loss than consensus of -12 cents, but then lowered guidance on fiscal 2016 adjusted EPS to $3.40-$3.45, below consensus of $3.82.
Gap (GPS -1.29%) reported Q2 EPS ex-items of 64 cents, right on consensus.

MARKET COMMENTS

Sep E-mini S&Ps (ESU15 -0.23%) this morning are down -3.75 points (-0.19%) at a fresh 6-1/2 month low. Thursday's closes: S&P 500 -2.11%, Dow Jones -2.06%, Nasdaq -2.79%. The S&P 500 Thursday plunged to a 6-1/2 month low on concern that global growth will slow as emerging-market stocks plummeted after Kazakhstan stopped supporting its currency. Another negative was the unexpected -0.2% decline in U.S. Jul leading indicators, weaker than expectations of +0.2%. Losses in stocks accelerated after the S&P took out its July low, which spurred technical selling. On the positive side, U.S. Jul existing home sales unexpectedly rose +2.0% to an 8-1/3 year high of 5.59 and the Aug Philadelphia Fed business outlook survey rose +2.6 to 8.3, stronger than expectations of +0.8 to 6.5.
Sep 10-year T-notes (ZNU15 +0.13%) this morning are up +4 ticks at a 1-week high. Thursday's closes: TYU5 +7.50, FVU5 +1.00. Sep T-notes Thursday rose to a 1-week high and closed higher after global equity markets plunged, which fueled safe-haven buying of T-notes, and after the 10-year T-note breakeven inflation rate dropped to a 7-month low, which may delay a Fed rate hike.
The dollar index (DXY00 -0.58%) this morning is down -0.633 (-0.66%) at a 1-1/2 month low. EUR/USD (^EURUSD) is up +0.0048 (+0.43%) at a 1-3/4 month high. USD/JPY (^USDJPY) is down -0.87 (-0.71%) at a 1-1/4 month low. Thursday's closes: Dollar Index -0.379 (-0.39%), EUR/USD +0.0122 (+1.10%), USD/JPY -0.40 (-0.32%). The dollar index Thursday slid to a 1-1/4 month low as global stocks plunged, which increased safe-haven demand for the yen and sent USD/JPY to a 3-week low. Another negative for the dollar was the drop in the 10-year T-note breakeven inflation rate to a 7-month low, which may keep the Fed from raising interest rates.
Oct crude oil (CLV15 -0.34%) this morning is down -24 cents (-0.58%) and Oct gasoline (RBV15 -1.64%) is down -0.0248 (-1.78%). Thursday's closes: CLV5 +0.05 (+0.12%), RBV5 -0.0251 (-1.77%). Oct crude and gasoline sold off Thursday to contract lows as the slump in global equity markets raised concern that global growth and energy demand will slow. Also, the persistent crude supply glut is negative for oil prices with U.S. crude supplies nearly 100 million bbl above their 5-year seasonal average. Oct crude recovered its losses and closed higher, however, after the dollar index tumbled to a 1-1/4 month low.

GLOBAL EVENT CALENDAR08/21/2015

US	0945 ET	Aug Markit manufacturing PMI expected +0.1 to 53.9, Jul 53.8.
	1500 ET	USDA Jul Cold Storage.
	1500 ET	USDA Jul Cattle on Feed.
GER	0200 ET	German Sep GfK consumer confidence expected unch at 10.1.
	0330 ET	German Aug Markit/BME manufacturing PMI expected -0.2 to 51.6, Jul 51.8. Aug Markit services PMI expected -0.1 to 53.7, Jul 53.8.
UK	0430 ET	UK Jul public sector net borrowing expected -2.8 billion pounds, Jun +8.6 billion pounds.
EUR	0400 ET	Eurozone Aug Markit manufacturing PMI expected -0.2 to 52.2, Jul 52.4. Aug Markit composite PMI expected -0.2 to 53.7, Jul 53.9.
	1000 ET	Eurozone Aug consumer confidence expected +0.2 to -6.9, Jul -7.1.

U.S. STOCK CALENDAR08/21/2015

Company	Ticker	Time	Event Description	Period	Estimate
Deere & Co	DE US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	1.439
Hibbett Sports Inc	HIBB US	Bef-mkt	Q2 2016 Earnings Release	Q2 2016	0.271
ANN INC	ANN US		Q2 2016 Earnings Release	Q2 2016	0.692

BARCHART MORNING CALL 3/9

BARCHART MORNING CALL

Monday, March 9th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.12%) this morning are down -0.18% and European stocks are down -0.44% as Friday's stronger-than-expected U.S. Feb payrolls report increases anxiety about the timing of the first Fed interest rate hike. European stocks were also pressured on revived Greek debt concerns after European officials said Greece's latest proposals were "far" from complete and Greece probably won't receive an aid disbursement this month. Asian stocks closed mostly lower: Japan -0.95%, Hong Kong -0.17%, China +1.70%, Taiwan -0.86%, Australia -1.31%, Singapore -0.38%, South Korea -1.25%, India -2.05%. China's Shanghai Stock Index rebounded from a 3-week low and closed higher after Chinese bank stocks rallied when regulators said it may allow banks to enter the brokerage business. Chinese stocks had posted a 3-week low after China Feb imports fell more than expected and posted their biggest decline in 5-3/4 years. Commodity prices are mostly higher. Apr crude oil (CLJ15 +0.24%) is up +0.32%. Apr gasoline (RBJ15 -0.40%) is down -0.50%. Apr gold (GCJ15 +0.82%) is up +0.85%. May copper (HGK15 +0.69%) is up +0.79%. Agriculture prices are higher. The dollar index (DXY00 -0.17%) is down -0.26%. EUR/USD (^EURUSD) is up +0.31%. USD/JPY (^USDJPY) is up +0.04%. Jun T-note prices (ZNM15 +0.09%) are up +3.5 ticks.
The German Jan trade balance unexpectedly shrunk to a surplus of +15.9 billion euros, narrower than expectations of a +19.5 billion-euro surplus. Jan exports fell -2.1% m/m, weaker than expectations of -1.5% m/m and the biggest decline in 5 months. Jan imports unexpectedly fell for a second month as they dropped -0.3% m/m, weaker than expectations of +0.5% m/m.
Eurozone Mar Sentix investor confidence rose +6.2 to a 7-1/2 year high of 18.6, higher than expectations of +2.6 to 15.0.
The China Feb trade balance unexpectedly widened to a record surplus of +$60.62 billion, higher than expectations of +$6.00 billion. Feb exports surged +48.3% y/y, higher than expectations of +14.0% y/y and the most in 4-3/4 years. Feb exports fell -20.5% y/y, more than double expectations of -10.9% y/y and the biggest decline in 5-3/4 years.
Japan Q4 GDP was revised downward to 1.5% q/q annualized from the originally reported 2.2% q/q annualized.
The Japan Feb eco-watchers survey current rose +4.5 to 50.1, higher than expectations of +0.9 to 46.5 and the highest in 7 months. The Feb eco-watchers survey outlook rose +3.2 to 53.2, higher than expectations of +0.4 to 50.4.

U.S. STOCK PREVIEW

Minneapolis Fed President Narayana Kocherlakota and Cleveland Fed President Loretta Mester speak today. There is only one of the S&P 500 companies that report earnings today: Urban Outfitters (consensus $0.57).
Equity conferences this week include: BIO Europe Spring Conference on Mon, Deutsche Bank Media, Internet & Telecom Conference on Mon-Wed, 11th Annual Private Banking Asia 2015 on Mon-Wed, Citigroup Asset Manager, Broker Dealer & Exchanges Conference on Tue, KBW Cards, Payments & Financial Technology Conference on Tue, Mitsubishi UFJ Securities Oil & Gas Conference on Tue, ROTH Growth Stock Conference on Tue, Susquehanna Chemical Conference, Keefe Bruyette & Woods Cards Payments & Financial Technology Symposium on Tue, Piper Jaffray Technology, Media and Telecommunications Conference on Tue-Wed, RBC Capital Markets Financial Institutions Conference on Tue-Wed, Credit Agricole Global High Yield Conference on Wed, Goldman Sachs TMT Leveraged Finance Conference on Wed, Barclays Capital Health Care Conference on Tue-Thu, Deutsche Bank Regional Banks Summit on Thu, Nomura - Conference: US Software Conference - New York on Thu.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN -2.00%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
VMware (VMW -1.62%) was upgraded to 'Neutral' from 'Underweight' at Piper Jaffray.
General Motors (GM -2.05%) said it will immediately begin a $5 billion share buyback program.
Alcoa (AA +0.70%) agrees to acquire RTI International (RTI -1.94%) in transaction valued at $1.5 billion.
Cantor keeps a $160 price target and 'Buy' rating on Apple (AAPL +0.15%) and predicts that the Apple Watch will be the best selling new product in the company's history, with sales of 20.6 million units in its first year of availability.
The Fresh Market (TFM +3.53%) was downgraded to 'Neutral' from 'Buy' at BofA/Merrill Lynch.
D.R. Horton (DHI -3.15%) , Ryland Group (RYL -3.38%) , and KB Home (KBH -2.75%) wera all upgraded to 'Outperform' from 'Market Perform' at JMP Securities.
Juniper (JNPR +1.81%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs.
BlackBerry (BBRY -2.02%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Interstate Properties reported a 7.1% stake in Vornado (VNO -4.12%) .
Kingsway Financial Services (KFS -1.97%) reported a 19.9% stake in 1347 Property Insurance (PIH -1.45%) .

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.12%) this morning are down -3.75 points (-0.18%). The S&P 500 index on Friday tumbled to a 3-week low and closed lower: S&P 500 -1.42%, Dow Jones -1.54%, Nasdaq -1.19%. The main bearish factor was the U.S. Feb non-farm payrolls report that bolstered speculation the Fed is closer to raising interest rates. U.S. Feb non-farm payrolls climbed +295,000, stronger than expectations of +235,000, and the unemployment rate fell -0.2 points to a 6-3/4 year low of 5.5%.
Jun 10-year T-notes (ZNM15 +0.09%) this morning are up +3.5 ticks. Jun 10-year T-note futures prices on Friday sold off to a 2-1/4 month low and closed sharply lower. Closes: TYM5 -1-00/32 point, FVM5 -20.00. Bearish factors included (1) the stronger-than-expected U.S. Feb payrolls report, which bolsters the outlook for the Fed to raise interest rates sooner rather than later, and (2) hawkish comments from San Francisco Fed President Williams who said mid-year may be time for a “serious discussion” about raising interest rates as the labor market nears full employment and inflation rebounds.
The dollar index (DXY00 -0.17%) this morning is down -0.258 (-0.26%). EUR/USD (^EURUSD) is up +0.0034 (+0.31%). USD/JPY (^USDJPY) is up +0.05 (+0.04%). The dollar index on Friday soared to an 11-1/2 year high and closed higher: Dollar index +1.237 (+1.28%), EUR/USD -0.01885 (-1.71%), USD/JPY +0.674 (+0.56%). Bullish factors included (1) the stronger-than-expected U.S. Feb payrolls report, which bolsters the case for the Fed to raise interest rates sooner rather than later, and (2) weakness in EUR/USD which plunged to a 11-1/2 year low as the ECB will begin buying sovereign debt on Mar 9.
Apr WTI crude oil (CLJ15 +0.24%) this morning is up +16 cents (+0.32%) and Apr gasoline (RBJ15 -0.40%) is down -0.0094 (-0.50%). Apr crude oil and gasoline prices on Friday closed lower: CLJ5 -1.15 (-2.27%), RBJ5 -0.0050 (-0.26%). Bearish factors included (1) a rally in the dollar index to an 11-1/2 year high, and (2) the slide in the S&P 500 to a 3-week low, which undercut optimism about the economic outlook and energy demand.

GLOBAL EVENT CALENDAR03/09/2015

US	1100 ET	USDA weekly grain export inspections.
	1305 ET	Minneapolis Fed President Narayana Kocherlakota speaks to an internal meeting with Ninth District Bankers in Minneapolis, MN.
	1425 ET	Cleveland Fed President Loretta Mester speaks on the economic outlook and monetary policy to the annual NABE Economic Policy Conference.
JPN	0030 ET	Japan Feb bankruptcies, Jan -16.55% y/y.
	0100 ET	Japan Feb eco-watchers survey current expected +0.9 to 46.5, Jan 45.6. Feb eco-watchers survey outlook expected +0.2 to 50.2, Jan 50.0.
GER	0300 ET	German Jan trade balance expected +19.8 billion euros, Dec +18.9 billion euros. Jan exports expected -1.5% m/m, Dec +3.4% m/m. Jan imports expected +0.5% m/m, Dec -0.7% m/m.
EUR	0530 ET	Eurozone Mar Sentix investor confidence expected +2.6 to 15.0, Feb 12.4.
UK	2001 ET	UK Feb BRC sales like-for-like expected +0.5% y/y, Jan +0.2% y/y.
CHI	2130 ET	China Feb CPI expected +1.0% y/y, Jan +0.8% y/y. Feb PPI expected -4.3% y/y, Jan -4.3% y/y.
	n/a	China Feb new yuan loans expected 750.0 billion yuan, Jan 1.47 trillion yuan

U.S. STOCK CALENDAR03/09/2015

Company	Ticker	Time	Event Description	Period	Estimate
Allegion PLC	ALLE US	11:30	Analyst Meeting	Y 2015
Apple Inc	AAPL US	13:00	Special Media Event
QUALCOMM Inc	QCOM US	17:00	Annual General Meeting	Y 2015
Urban Outfitters Inc	URBN US	17:00	Q4 2015 Earnings Call	Q4 2015
United Continental Holdings Inc	UAL US	17:00	February 2015 Sales and Revenue Release - Operational Performance	2015
Urban Outfitters Inc	URBN US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	0.571
American Airlines Group Inc	AAL US		February 2015 Sales and Revenue Release - Traffic Results	2015
McDonald's Corp	MCD US		February 2015 Sales and Revenue Release	2015

BARCHART MORNING CALL 3/6

BARCHART MORNING CALL

Friday, March 6th, 2015View Older Reports

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OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.02%) this morning are down -0.06% ahead of the release of the U.S. Feb payrolls report, which may offer clues to the timing of U.S. interest rate increases, while European stocks are up +0.01% as the ECB prepares to begin asset purchases on Monday and after German Jan industrial production was stronger than expected. Asian stocks closed mixed: Japan +1.17%, Hong Kong -0.12%, China -0.51%, Taiwan +0.53%, Australia -0.09%, Singapore +0.66%, South Korea +0.71%, India closed for holiday. Japan's Nikkei Stock Index climbed to a 14-3/4 year high as USD/JPY held above 120 yen per dollar, near a 3-week high, which fueled a rally in exporters. Commodity prices are mixed. Apr crude oil (CLJ15 +0.37%) is up +0.39%. Apr gasoline (RBJ15 +0.61%) is up +0.59%. Apr gold (GCJ15 -0.08%) is down -0.20% at a 1-week low as the dollar strengthened to an 11-1/3 year high. May copper (HGK15 -0.38%) is down -0.47% on increased global supplies after weekly Shanghai copper inventories jumped +19,194 MT to a 1-3/4 year high of 224,340 MT and LME copper supplies rose +4,675 MT to a 13-month high of 323,050 MT. Agriculture prices are weaker. The dollar index (DXY00 +0.42%) is up +0.45% at an 11-1/3 year high. EUR/USD (^EURUSD) is down -0.80% at an 11-1/2 year low. USD/JPY (^USDJPY) is down -0.07%. GBP/USD slipped to a 1-month low after the BOE's quarterly inflation survey showed inflation expectations plummeted to a 13-year low. Jun T-note prices (ZNM15 -0.02%) are down -0.5 of a tick.
In its quarterly Inflation Attitudes survey, the BOE said inflation expectations in Feb fell to 1.9% over the next 12 months from 2.5% in Nov, below the BOE's 2.0% inflation target and the lowest in 13 years.
San Francisco Fed President Williams said mid-year may be time for a "serious discussion" about raising interest rates as the labor market nears full employment and inflation rebounds.
German Jan industrial production rose +0.6% m/m and +0.9% y/y, stronger than expectations of +0.5% m/m and -0.2% y/y.
The Japan Jan leading index CI unexpectedly fell -0.2 to 105.1, weaker than expectations of +0.2 to 105.8. The Jan coincident index rose +2.4 to 113.0, stronger than expectations of +1.5 to 112.2 and the highest in 10 months.

U.S. STOCK PREVIEW

Today’s Feb unemployment report is expected to show decent strength with a payroll increase of +235,000. Meanwhile, today’s Feb unemployment rate is expected to fall by -0.1 point to 5.6%, thus matching the 6-1/2 year low originally posted in Dec 2014. Today’s U.S. Jan trade deficit is expected to narrow to -$41.5 billion from -$46.6 billion in December. Today’s Jan consumer credit report is expected to show another strong increase of +$14.500 billion. There are 4 of the Russell 1000 companies that report earnings today: Staples (consensus $0.30), Foot Locker (0.91), Big Lots (1.75), Thor Industries (0.42). There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Foot Locker (FL -0.80%) reported Q4 non-GAAP EPS of $1.00, higher than consensus of 91 cents.
Textron (TXT +0.85%) was upgraded to 'Buy' from 'Neutral' at Nomura.
Esterline (ESL +0.63%) was downgraded to 'Neutral' from 'Outperform' at Credit Suisse.
Host Hotels (HST -1.15%) was downgraded to 'Sell' from 'Neutral' at Goldman Sachs.
Staples (SPLS -0.54%) reported Q4 EPS of 31 cents, better than consensus of 30 cents.
Airbus (EADSY +3.80%) was downgraded to 'Neutral' from 'Buy' at Goldman Sachs.
The Fed announced that all 31 banks passed their stress tests with Tier 1 capital above the required levels.
Alon USA Energy (ALJ +0.50%) reported Q4 adjusted EPS of 0 cents, better than consensus of a -9 cent loss.
Devon Park Bioventures reported a 20.42% stake in Inotek Pharmaceuticals (ITEK unch) .
Thor Industries (THO -1.52%) reported Q2 EPS of 57 cents, well above consensus of 42 cents.
The Fresh Market (TFM +2.27%) reported Q4 adjusted EPS of 55 cents, better than consensus of 51 cents.
Cooper Companies (COO +0.61%) reported Q1 EPS of $1.75, higher than consensus of $1.54.
The Gap (GPS -1.43%) fell 2% in after-hours trading after it reported February same-store-sales fell 4% y/y.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.02%) this morning are down -1.25 points (-0.06%). The S&P 500 index on Thursday closed higher: S&P 500 +0.12%, Dow Jones +0.21%, Nasdaq +0.15%. Bullish factors included (1) carry-over support from a rally in European stocks after the ECB raised its Eurozone 2015 GDP forecast to 1.5% from a Dec projection of 1.0% and unveiled its plan to purchase 60 billion euros a month of sovereign debt, and (2) increased M&A activity after AbbVie bought Pharmacyclics for $21 billion and Mallinckrodt purchased Ikaria for $2.3 billion. Bearish factors included (1) the unexpected +7,000 increase in U.S. weekly jobless claims to a 9-1/2 month high of 320,000, more than expectations for a decline of -18,000 to 295,000, and (2) the unexpected -0.2% decline in U.S. Jan factory orders, weaker than expectations of a +0.2% increase.
Jun 10-year T-notes (ZNM15 -0.02%) this morning are down -0.5 of a tick. Jun 10-year T-note futures prices on Thursday closed higher. Closes: TYM5 +5.00, FVM5 +4.75. Bullish factors included (1) the unexpected increase in U.S. weekly jobless claims to a 9-1/2 month high, and (2) the unexpected decline in U.S. Jan factory orders. Bearish factors included (1) a rally in stocks, and (2) the action by the ECB to raise its Eurozone 2015 GDP estimate, which reduced global growth concerns and curbed safe-haven demand for T-notes.
The dollar index (DXY00 +0.42%) this morning is up +0.429 (+0.45%) at a fresh 11-1/3 year high. EUR/USD (^EURUSD) is down -0.0088 (-0.80%) at a new 11-1/2 year low. USD/JPY (^USDJPY) is down -0.08 (-0.07%). The dollar index on Thursday climbed to an 11-1/3 year high and closed higher: Dollar index +0.413 (+0.43%), EUR/USD -0.00486 (-0.44%), USD/JPY +0.468 (+0.39%). Bullish factors included (1) weakness in EUR/USD which sank to a 11-1/2 year low after the ECB cut its Eurozone 2015 inflation forecast to 0.0% from a Dec estimate of +0.7% and said it will begin 60 billion euros worth of monthly sovereign debt purchases on Mar 9, and (2) the rally in USD/JPY to a 2-week high as a rally in stocks reduced the safe-haven demand for the yen.
Apr WTI crude oil (CLJ15 +0.37%) this morning is up +20 cents (+0.39%) and Apr gasoline (RBJ15 +0.61%) is up +0.0112 (+0.59%). Apr crude and Apr gasoline prices on Thursday closed lower: CLJ5 -0.77 (-1.49%), RBJ5 -0.0314 (-1.63%). Bearish factors included (1) a rally in the dollar index to an 11-1/3 year high, and (2) demand concerns from China, the world's second-largest crude consumer, after China lowered its 2015 GDP target to 7.0%, the lowest in more than 15 years, from 7.5% in 2014. Apr crude posted a 1-1/2 week high on bullish factors that included (1) the action by Libya's National Oil Corp. to declare force majeure on oil supplies from 11 Libyan oil fields due to attacks on oil infrastructure from Islamic militants, and (2) the action by the ECB to raise its Eurozone 2015 GDP forecast to 1.5% from a Dec projection of 1.0%.

GLOBAL EVENT CALENDAR03/06/2015

US	0830 ET	Feb non-farm payrolls expected +235,000, Jan +257,000. Feb private payrolls expected +225,000, Jan +267,000. Feb manufacturing payrolls expected +11,000, Jan +22,000. Feb unemployment rate expected -0.1 to 5.6%, Jan +0.1 to 5.7%.
	0830 ET	Feb avg hourly earnings expected +0.2% m/m and +2.1% y/y, Jan +0.5% m/m and +2.2% y/y. Feb avg weekly hours all-employees expected unch at 34.6 hours.
	0830 ET	Jan trade balance expected -$41.5 billion, Dec -$46.6 billion.
	1500 ET	Jan consumer credit expected +$14.500 billion, Dec +$14.755 billion.
JPN	0000 ET	Japan Jan leading index CI expected +0.2 to 105.8, Dec 105.6. Jan coincident index expected +1.5 to 112.2, Dec 110.7.
GER	0200 ET	German Jan industrial production expected +0.5% m/m and -0.2% y/y, Dec +0.1% m/m and -0.7% y/y.
EUR	0500 ET	Revised Eurozone Q4 GDP, previous +0.3% q/q and +0.9% y/y.

U.S. STOCK CALENDAR03/06/2015

Company	Ticker	Time	Event Description	Period	Estimate
Foot Locker Inc	FL US	Bef-mkt	Q4 2015 Earnings Release	Q4 2015	0.907
Big Lots Inc	BIG US	8:00	Q4 2015 Earnings Call	Q4 2015
Staples Inc	SPLS US	8:00	Q4 2015 Earnings Call	C4 2015
Staples Inc	SPLS US	8:00	Q4 2015 Earnings Call	Q4 2015
Foot Locker Inc	FL US	9:00	Q4 2015 Earnings Call	Q4 2015
Paramount Group Inc	PGRE US	10:00	Q4 2014 Earnings Call	Q4 2014
Big Lots Inc	BIG US		Q4 2015 Earnings Release	Q4 2015	1.749
Thor Industries Inc	THO US		Q2 2015 Earnings Release	Q2 2015	0.42
Staples Inc	SPLS US		Q4 2015 Earnings Release	Q4 2015	0.3
PetSmart Inc	PETM US		Extraordinary Shareholders Meeting - M&A Vote	Y 2015