BARCHART MORNING CALL 3/18

BARCHART MORNING CALL

Wednesday, March 18th, 2015View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM15 -0.44%) this morning are down -0.29% and European stocks are down -0.67% as weakness in energy producers drags the overall market lower after the price of crude oil slid to a fresh 6-years low. The markets are also on edge ahead of the outcome of the 2-day FOMC meeting later today where expectations are for the Fed to drop its reference to be "patient" with raising interest rates. The 10-year Greek bond yield rose to a 1-1/4 month high of 10.917% as the Greek government prepares emergency measures to raise cash for more than 2 billion euros in debt payments due on Friday. Asian stocks closed mostly higher: Japan +0.55%, Hong Kong +0.91%, China +2.37%, Taiwan +1.19%, Australia unch, Singapore -0.24%, South Korea +0.02%, India -0.40%. Japan's Nikkei Stock Index soared to a 14-3/4 year high after Japan Feb exports climbed more than expected, a sign the weak yen is boosting Japanese exports. China's Shanghai Stock Index rose over 2% to a 6-3/4 year high on speculation the government will expand stimulus to spur economic growth after China Feb new home property prices fell in 66 of the 70 cities tracked by the government, up from 64 in Jan. Commodity prices are mixed. Apr crude oil (CLJ15 -2.88%) is down -2.85% at a fresh 6 -year low ahead of today's EIA inventory report where crude supplies are projected to increase +4.4 million bbl. Apr gasoline (RBJ15 -0.69%) is down -0.88%. Apr gold (GCJ15 +0.13%) is up +0.11%. May copper (HGK15 -1.97%) is down -1.94% at a 3-week low after new home prices fell in China, which raises demand concerns. Agriculture prices are higher. The dollar index (DXY00 -0.06%) is down -0.13%. EUR/USD (^EURUSD) is up +0.26%. USD/JPY (^USDJPY) is down 0.16%. Jun T-note prices (ZNM15 +0.22%) are up +8 ticks at a 2-week high.
The Japan Feb trade balance shrank to a deficit of -424.6 billion yen, narrower than expectations of -986.6 billion yen and the smallest deficit in 20 months. Feb exports rose +2.4% y/y, stronger than expectations of +0.3%, and Feb imports unexpectedly fell -3.6% y/y, weaker than expectations of +3.2% y/y.
Eurozone Jan construction output rose +1.9% m/m and +3.0% y/y, stronger than Dec's upward revised +0.2% m/m and -2.7% y/y.
UK Feb jobless claims fell -31,000, stronger than expectations of -30,000. The Feb claimant count rate fell -0.1 to 2.4%, right on expectations and the lowest in 6-3/4 years.
The UK Jan ILO unemployment rate was unch at 5.7% in the 3-months through Jan when expectations were for a -0.1 point decline to 5.6%.
UK Jan average weekly earnings rose +1.8% 3-month avg y/y, weaker than expectations of +2.2% 3-mon avg y/y. Jan average weekly earnings ex-bonus rose +1.6% 3-mon avg y/y, weaker than expectations of +1.8% 3-mon avg y/y.

U.S. STOCK PREVIEW

The FOMC at the conclusion of its 2-day meeting that ends today will release updated economic projections and Fed Chair Yellen will hold a press conference. There are 5 of the Russell 1000 companies that report earnings today: FedEx (consensus $1.88), General Mills (0.67), Cintas (0.78), Williams-Saonoma (1.52), Jabil Circuit (0.45), Platform Specialty Products (0.20).
Equity conferences during the remainder of this week include: Consumer Analyst Group of Europe Conference on Mon-Wed, Bank of America Merrill Lynch Global Industrials & EU Autos Conference on Tue-Thu, Barclays Atlanta Utilities Conference on Wed, Wells Fargo Asset Managers, Brokers & Exchanges Conference on Wed, ISI Retail Summit on Wed, Barclays Power and Utilities CFO Corporate Day on Wed, Alzheimer's and Parkinson's Diseases and Related Neurological Disorders (AD/PD) on Fri.

OVERNIGHT U.S. STOCK MOVERS

Ryerson (RYI +4.24%) was downgraded to 'Neutral' from 'Overweight' at JPMorgan Chase.
Navistar (NAV -0.03%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
USG (USG -0.52%) was downgraded to 'Neutral' from 'Outperform' at RW Baird.
Macerich (MAC -3.47%) was downgraded to 'Sell' from 'Neutral' at UBS.
Jefferies downgraded Salix Pharmaceuticals (SLXP -0.16%) to a 'Hold' from 'Buy' with a $173 price target.
FedEx (FDX -0.91%) reported Q3 EPS of $2.01, higher than consensus of $1.87.
General Mills (GIS -0.69%) reported Q3 EPS of 70 cents, better than consensus of 67 cents.
GIC Private Limited reported a 5.02% passive stake in Dollar General (DG -0.90%) .
Quiksilver (ZQK +3.66%) reported a Q1 continuing operating EPS loss of -11 cents, a smaller loss than consensus of -14 cents, but then lowered guidance on fiscal 2015 revenue estimate to $1.38 billion to $1.45 billion, below consensus of $1.49 billion.
Adobe (ADBE +1.70%) fell over 3% in after-hours trading after it reported Q1 adjusted EPS of 44 cents, higher than consensus of 39 cents, but then lowered guidance on Q2 EPS to 41 cents to 47 cents, less than consensus of 48 cents.
Oracle (ORCL -1.24%) climbed nearly 2% in after-hours trading after it reported Q3 EPS of 68 cents, right on consensus, but said that cloud bookings are now growing by 100% per year.

MARKET COMMENTS

Jun E-mini S&Ps (ESM15 -0.44%) this morning are down -6.00 points (-0.29%). The S&P 500 index on Tuesday closed lower: S&P 500 -0.33%, Dow Jones -0.71%, Nasdaq +0.12%. Bearish factors included (1) the -17.0% drop in U.S. Feb housing starts, weaker than expectations of -2.4% to 1.040 million and the lowest in 13 months, (2) weakness in energy producers as crude oil fell to a fresh 6-year low, and (3) long liquidation pressure in stocks ahead of the outcome of the 2-day FOMC meeting on Wednesday where the Fed is expected to remove the “patient” wording from its policy stance, which signals it is closer to raising interest rates.
Jun 10-year T-notes (ZNM15 +0.22%) this morning are up +8 ticks at a 2-week high. Jun 10-year T-note futures prices on Tuesday climbed to a 2-week high and closed higher. Closes: TYM5 +9.00, FVM5 +2.00. Bullish factors included (1) the weaker-than-expected U.S. Feb housing starts, and (2) the plunge in crude oil to a 6-year low which reduces inflation expectations after the 10-year T-note breakeven inflation rate fell to a 6-week low.
The dollar index (DXY00 -0.06%) this morning is down -0.129 (-0.13%). EUR/USD (^EURUSD) is up +0.0028 (+0.26%). USD/JPY (^USDJPY) is down -0.20 (-0.16%). The dollar index on Tuesday closed lower: Dollar index -0.019 (-0.02%), EUR/USD +0.00288 (+0.27%), USD/JPY +0.033 (+0.03%). Bearish factors included (1) the weaker-than-expected U.S. Feb housing starts report, which spurred long liquidation in the dollar ahead of the outcome of the 2-day FOMC meeting on Wednesday, and (2) strength in EUR/USD after the German ZEW survey expectations of economic growth rose to a 13-month high.
Apr WTI crude oil (CLJ15 -2.88%) this morning is down -$1.24 a barrel (-2.85%) at a fresh 6-year low and Apr gasoline (RBJ15 -0.69%) is down -0.0153 (-0.88%). Apr crude oil and gasoline prices on Tuesday settled mixed with Apr crude at a 6-year low: CLJ5 -0.42 (-0.96), RBJ5 +0.0015 (+0.09%). Bearish factors included (1) expectations that Wednesday’s EIA data will show that U.S. crude stockpiles rose +4.4 million bbl and added to record U.S. inventories, and (2) the slide in stocks which reduced optimism about the economic outlook and energy demand. Apr gasoline recovered from a 6-week low and closed higher on bullish factors that included (1) a weaker dollar, and (2) expectations that Wednesday’s EIA inventory data will show gasoline supplies fell -850,000 bbl.

GLOBAL EVENT CALENDAR03/18/2015

US	0700 ET	Weekly MBA mortgage applications, previous -1.3% with purchase sub-index +1.9% and refi sub-index -2.9%.
	1030 ET	EIA Weekly Petroleum Status Report.
	1400 ET	FOMC announces interest rate decision.
JPN	0200 ET	Revised Japan Feb machine tool orders, previous +28.9% y/y.
UK	0530 ET	UK Feb jobless claims change expected -30,000, Jan -38,600. Feb claimant count rate expected -0.1 to 2.4%, Jan 2.5%.
	0530 ET	UK Jan average weekly earnings expected +2.2% 3-mon avg y/y, Dec +2.1% 3-mon avg y/y. Jan weekly earnings ex-bonus expected +1.8% 3-mon avg y/y, Dec +1.7% 3-mon avg y/y.
	0530 ET	UK Jan ILO unemployment rate expected -0.1 to 5.6% for the 3-months through Jan, previous +5.7% for the 3-months through Dec.
	0530 ET	Minutes of the Mar 4-5 BOE policy meeting.
EUR	0600 ET	Eurozone Jan construction output, Dec -0.8% m/m and -3.5% y/y.

U.S. STOCK CALENDAR03/18/2015

Company	Ticker	Time	Event Description	Period	Estimate
General Mills Inc	GIS US	Bef-mkt	Q3 2015 Earnings Release	Q3 2015	0.665
Progressive Corp/The	PGR US	Bef-mkt	February 2015 Sales and Revenue Release	2015
Platform Specialty Products Corp	PAH US	Bef-mkt	Q4 2014 Earnings Release	Q4 2014	0.195
FedEx Corp	FDX US	7:30	Q3 2015 Earnings Release	Q3 2015	1.878
Platform Specialty Products Corp	PAH US	8:00	Q4 2014 Earnings Call	Q4 2014
FedEx Corp	FDX US	8:30	Q3 2015 Earnings Call	Q3 2015
General Mills Inc	GIS US	8:30	Q3 2015 Earnings Call	Q3 2015
FactSet Research Systems Inc	FDS US	8:30	Investor Day	Y 2015
Realogy Holdings Corp	RLGY US	9:00	Investor Day	Y 2015
Agilent Technologies Inc	A US	11:00	Annual General Meeting	Y 2015
Starbucks Corp	SBUX US	13:00	Annual General Meeting	Y 2015
T-Mobile US Inc	TMUS US	13:00	Un-Carrier Event
Jabil Circuit Inc	JBL US	16:30	Q2 2015 Earnings Call	Q2 2015
Hewlett-Packard Co	HPQ US	17:00	Annual General Meeting	Y 2015
Cintas Corp	CTAS US	17:00	Q3 2015 Earnings Call	Q3 2015
Williams-Sonoma Inc	WSM US	17:00	Q4 2015 Earnings Call	Q4 2015
Cintas Corp	CTAS US	Aft-mkt	Q3 2015 Earnings Release	Q3 2015	0.784
Williams-Sonoma Inc	WSM US	Aft-mkt	Q4 2015 Earnings Release	Q4 2015	1.516
Jabil Circuit Inc	JBL US	Aft-mkt	Q2 2015 Earnings Release	Q2 2015	0.446
Raymond James Financial Inc	RJF US		February 2015 Sales and Revenue Release - Operating Data	2015
AT&T Inc	T US		Apple Inc. Will Replace AT&T Inc. in DJIA
Apple Inc	AAPL US		Apple Inc. Will Replace AT&T Inc. in DJIA

BARCHART MORNING CALL 12/12

BARCHART MORNING CALL

Friday, December 12th, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH15 -0.40%) this morning are down -0.53% at a 1-month low and European stocks are down -1.34% at a 3-week low as a drop in crude oil to a 5-1/3 year low undercuts energy producers. Chinese economic concerns also weighed on stocks after Nov China industrial output grew less than expected. The plunge in oil prices has also pressured the Russian ruble which plunged to a record low of 57.974 per dollar and has now lost over 30% of its value in the last 3 weeks. Asian stocks closed mixed: Japan +0.66%, Hong Kong -0.27%, China +0.32%, Taiwan +0.16%, Australia -0.22%, Singapore +0.16%, South Korea +0.37%, India -0.91%. Chinese stocks closed higher despite weaker-than-expected China Nov industrial production on speculation the government will boost its stimulus measures, while Japanese stocks rose ahead of Sunday's national elections in Japan where Prime Minister Abe's LDP party is expected to win in a landslide, which will allow him to push ahead with his fiscal policies. Commodity prices are mixed. Jan crude oil (CLF15 -1.07%) is down -0.88% at a 5-1/3 year low after the IEA cut its global oil demand forecast for the fourth time in five months when it said global oil demand in 2015 will grow by 900,000 bpd, 230,000 bpd less than previously forecast, to 93.3 million bpd. Jan gasoline (RBF15 +0.02%) is up +0.24%. Feb gold (GCG15 -0.24%) is down -0.16%. Mar copper (HGH15 +0.39%) is up +0.45%. Agriculture prices are higher. The dollar index (DXY00 -0.37%) is down -0.43%. EUR/USD (^EURUSD) is up +0.32%. USD/JPY (^USDJPY) is down -0.27%. Mar T-note prices (ZNH15 +0.33%) are up +15.5 ticks at a 1-1/2 week high on carry-over support from a rally in European government bonds to record highs as the 10-year German bund yield fell to an all-time low of 0.636%.
China Nov new yuan loans were 852.7 billion yuan, more than expectations of 655.0 billion yuan. Nov aggregate financing, China's broadest measure of credit, rose +1.15 trillion yuan, more than expectations of 895.0 billion yuan and the most in 5 months.
China Nov industrial production rose +7.2% y/y, less than expectations of +7.5% y/y.
China Nov retail sales climbed +11.7% y/y, stronger than expectations of +11.5% y/y.
Eurozone Q3 employment rose +0.2% q/q and +0.6% y/y with the +0.6% y/y increase the largest annual gain since Q2 of 2011.
Eurozone Oct industrial production rose +0.1% m/m, less than expectations of +0.2% m/m. On an annual basis Oct industrial production rose +0.7% y/y, right on expectations.
The German Nov wholesale price index fell -0.7% m/m and -1.1% y/y, a faster pace of decline from Oct when wholesale prices fell -0.6% m/m and -0.7% y/y.
UK Oct construction output unexpectedly fell -2.2% m/m, when expectations were for a +0.7% m/m increase. On an annual basis Oct construction output rose +0.7% y/y, less than expectations of +1.3% y/y.

U.S. STOCK PREVIEW

Today’s preliminary Dec U.S. consumer confidence index from the University of Michigan is expected to rise by +0.7 points to 89.5, adding to November’s rise of +1.9 points to a 7-1/3 year high 88.8. Today’s Nov final-demand PPI report is expected to fall to +1.4% y/y from +1.5% y/y in October. However, excluding food and energy, today’s Nov final-demand core PPI is expected to be unchanged at +1.8% y/y from October. None of the Russell 1000 companies report earnings today. There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Morgan Stanley (MS +0.03%) was downgraded to 'Neutral' from 'Buy' at Buckingham.
Costco (COST +0.83%) was downgraded to 'Neutral' from 'Buy' at Janney Capital.
Sherwin-Williams (SHW +3.00%) lowered guidance on fiscal 2014 EPS to $8.75-$8.80, below consensus of $8.81, and also lowered guidance on fiscal 2015 EPS to $10.65-$10.85, below consensus of $10.87.
Mindray Medical (MR -0.28%) was downgraded to 'Underweight' from 'Equal Weight' at Morgan Stanley.
Avery Dennison (AVY +0.80%) was upgraded to 'Buy' from 'Hold' at Topeka.
Goodrich Petroleum (GDP +14.21%) was downgraded to 'Underweight' from 'Overweight' at JPMorgan Chase.
Lazard (LAZ -0.95%) was upgraded to 'Outperform' from 'Market Perform' at Keefe Bruyette.
CI Investments reported a 5.16% passive stake in Forest City (FCE.A -0.24%) .
United Technologies (UTX +0.48%) lowered guidance on fiscal 2014 EPS to approximately $6.80, below consensus of $6.87, and also lowered guidance on fiscal 2015 EPS to $7.00-$7.20, less than consensus of $7.27.
Nordson (NDSN +1.58%) reported Q4 EPS of $1.15, higher than consensus of $1.13.
Quiksilver (ZQK -2.63%) reported a Q4 EPS loss of -29 cents, a much bigger loss than consensus of -11 cents.
Esterline (ESL +0.38%) reported Q4 adjusted EPS of $1.82, less than consensus of $1.85.
Adobe (ADBE -0.16%) jumped over 7% in after-hours trading after it reported Q4 adjusted EPS of 36 cents, higher than consensus of 30 cents.

MARKET COMMENTS

Mar E-mini S&Ps (ESH15 -0.40%) this morning are down -10.75 points (-0.53%) at a 1-month low. The S&P 500 index on Thursday closed higher: S&P 500 +0.45%, Dow Jones +0.36%, Nasdaq +0.51%. Bullish factors included (1) the +0.7% increase in U.S. Nov retail sales, stronger than expectations of +0.4% and the most in 8 months, (2) the unexpected -3,000 decline in U.S. weekly initial unemployment claims, better than expectations of no change, and (3) slack price pressures after U.S. Nov import prices fell -1.5% m/m and -2.3% y/y, the fastest pace of decline in 1-1/2 years.
Mar 10-year T-notes (ZNH15 +0.33%) this morning are yp +15.5 ticks at a 1-1/2 week high. Mar 10-year T-note futures prices on Thursday fell back from a 1-week high and closed lower: TYH5 -7.00, FVH5 -6.00. Bearish factors included (1) the stronger-than-expected U.S. Nov retail sales, and (2) reduced safe-haven demand for Treasuries after stocks rallied sharply. Losses were limited on carry-over support from a rally in German bund prices to an all-time high.
The dollar index (DXY00 -0.37%) this morning is down -0.377 (-0.43%). EUR/USD (^EURUSD) is up +0.0040 (+0.32%). USD/JPY (^USDJPY) is down -0.32 (-0.27%). The dollar index on Thursday closed higher. Closes: Dollar index +0.392 (+0.44%), EUR/USD -0.00366 (-0.29%), USD/JPY +0.83 (+0.70%). Supportive factors included (1) the stronger-than-expected U.S. Nov retail sales, which may bring the Fed closer to raising interest rates, (2) weakness in the yen after USD/JPY recovered from a 3-week low and closed higher after the Kyodo News reported that Japanese Prime Minister Abe’s party may win more than 300 of 475 lower house seats in the Dec 14 election, which would give Abe a clear mandate to continue his yen-negative fiscal policies.
Jan WTI crude oil (CLF15 -1.07%) this morning is down -53 cents (-0.88%) at a new 5-1/3 year low and Jan gasoline (RBF15 +0.02%) is up +0.0039 (+0.24%). Jan crude and Jan gasoline prices Thursday closed lower with Jan crude at a 5-1/3 year low and Jan gasoline at a 5-year low. Closes: CLF5 -2.88 (-4.51%), RBF5 -0.0781 (-4.53%). Bearish factors included (1) a rally in the dollar, and (2) comments from Saudi Arabian Oil Minister Ali Al-Naimi who said Saudi Arabia will not cut oil production, “the market will correct itself.” A bullish factor was the larger-than-expected increase in U.S. Nov retail sales, which signals economic strength that is positive for fuel demand.

GLOBAL EVENT CALENDAR12/12/2014

US	0830 ET	Nov final-demand PPI expected -0.1% m/m and +1.4% y/y, Oct +0.2% m/m and +1.5% y/y. Nov final-demand PPI ex food & energy expected +0.1% m/m and +1.8% y/y, Oct +0.4% m/m and +1.8% y/y.
	0955 ET	Preliminary Dec U.S. consumer confidence (University of Michigan) expected +0.7 to 89.5, Nov +1.9 to 88.8.
CHI	0030 ET	China Nov industrial production expected +7.5% y/y, Oct +7.7% y/y
	0030 ET	China Nov retail sales expected +11.5% y/y, Oct +11.5% y/y.
UK	0430 ET	UK Oct construction output expected +0.7% m/m and +1.3% y/y, Sep +1.8% m/m and +3.5% y/y.
EUR	0500 ET	Eurozone Oct industrial production expected +0.2% m/m and +0.7% y/y, Sep +0.6% m/m and +0.6% y/y.
	0500 ET	Eurozone Q3 employment, Q2 +0.2% q/q and +0.4% y/y.

U.S. STOCK CALENDAR12/12/2014

Company	Ticker	Time	Event Description	Period	Estimate
WW Grainger Inc	GWW US	8:00	November 2014 Sales and Revenue Call	2014
WW Grainger Inc	GWW US	8:00	November 2014 Sales and Revenue Release	2014
Principal Financial Group Inc	PFG US	8:00	Roadshow - Europe - Day 2	Y 2014
MetLife Inc	MET US	8:00	Business Update Call
Alnylam Pharmaceuticals Inc	ALNY US	8:00	R&D Day	Y 2014
Nordson Corp	NDSN US	8:30	Q4 2014 Earnings Call	Q4 2014
Centene Corp	CNC US	8:30	Investor Meeting	Y 2014
Nu Skin Enterprises Inc	NUS US	12:00	Investor Day	Y 2014
Twenty-First Century Fox Inc	FOXA US		U.S. Box Office Release of Movie Exodus: Gods and Kings""
Palo Alto Networks Inc	PANW US		Annual General Meeting

BARCHART MORNING CALL /

BARCHART MORNING CALL

Tuesday, June 3rd, 2014View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESM14 -0.26%) this morning are down -0.13% as the market consolidates gains from Monday's rally to a record high, and European stocks are down -0.16% after a slower-than-expected increase in Eurozone CPI points to sluggish economic growth in the Eurozone. Asian stocks closed mixed: Japan +0.66%, Hong Kong +0.91%, China -0.30%, Taiwan +0.52%, Australia -0.70%, Singapore -0.17%, South Korea +0.31%, India +0.70%. Japan's Nikkei Stock Index climbed to a 4-week high on speculation that Japan's Government Pension Investment Fund (GPIF), the country's biggest, will diversify more of its assets into Japanese stocks and foreign investments from government bonds. Commodity prices are mixed. July crude oil (CLN14 -0.12%) is down -0.06%. July gasoline (RBN14 -0.25%) is down -0.24%. Aug gold (GCQ14 +0.25%) is up +0.14%. July copper (HGN14 -1.25%) is down -1.21%. Agriculture and livestock prices are mixed. The dollar index (DXY00 -0.12%) is down -0.04%. EUR/USD (^EURUSD) is up +0.09%. USD/JPY (^USDJPY) is up +0.06%. Sep T-note prices (ZNU14 -0.19%) are down -9 ticks at a 2-week low.
The Eurozone May CPI estimate rose +0.5% y/y, less than expectations of +0.6% y/y and the slowest pace of increase in 4-1/2 years. The May CPI core rose +0.7% y/y, also less than expectations of +0.8% y/y and matched the slowest pace of increase since Eurozone data began in 1991.
The Eurozone Apr unemployment rate unexpectedly fell -0.1 to 11.7%, better than expectations of no change at 11.8% and the lowest in 17 months.
UK May nationwide house prices rose +0.7% m/m and +11.1% y/y, more than expectations of +0/6% m/m and +10.9% y/y, with the +11.1% y/y increase the biggest annual gain in nearly 7 years.
The UK May Markit/CIPS construction PMI unexpectedly fell -0.8 to a 7-month low of 60.0, weaker than expectations of +0.2 to 61.0.
Japan Apr labor cash earnings rose +0.9% y/y, over double expectations of +0.4% y/y and the most in 2 years.
The China May non-manufacturing PMI rose +0.7 to 55.5, the fastest pace of expansion in 6 months.

U.S. STOCK PREVIEW

Today’s April factory orders report is expected to show an increase of +0.5%, adding to the +0.9% increase seen in March. Today’s May total vehicle sales report is expected to edge higher to 16.10 million from 15.98 million in April. There are 2 of the Russell 1000 companies that report earnings today: Dollar General (consensus $0.73), Ascena Retail Group (0.19).
Equity conferences this week include: Goldman Sachs Lodging, Gaming, Restaurant & Leisure Conference on Mon-Tue, American Society of Clinical Oncology (ASCO) Meeting on Mon-Tue, Eurelectric Conference 2014 on Mon-Tue, Jefferies Global Health Care Conference on Mon-Thu, National Association of Real Estate Investment Trusts REITWeek Investor Forum on Tue-Thu, Bank of America Merrill Lynch Global Telecom & Media Conference on Tue, Barclays Power & Utility Credit Conference on Tue, Wells Fargo Insurance Forum on Tue, Stifel Consumer Conference on Tue, Barclays Power & Utility Credit Conference on Tue, RBC Global Energy and Power Conference on Tue, Bank of America Merrill Lynch Global Technology Conference on Tue-Wed, Stephens Spring Conference on Tue-Wed, Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference on Tue-Wed, Goldman Sachs Dotcommerce Conference on Wed, KBW Asset Management Conference on Wed, Sandler O'Neill Global Exchange & Brokerage Conference on Wed,
Deutsche Bank Global Industrials and Basic Materials Conference on Wed-Thu, Credit Suisse Engineering & Construction Conference on Thu, UBS Aerospace & Defense Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Dollar General (DG +0.97%) reported Q1 EPS of 72 cwnts, below consensus of 73 cents.
Clovis (CLVS -6.76%) was downgraded to 'Neutral' from 'Buy' at Citigroup.
Broadcom (BRCM +9.32%) was downgraded to 'Hold' from 'Buy' at Stifel.
Lam Research (LRCX +0.44%) was initiated with a 'Buy' at Jefferies with a price target of $75.
Merion Investment reported a 9.0% passive stake in Zale (ZLC unch) .
Lockheed Martin (LMT +0.28%) was awarded a $914.7 million government contract for engineering, manufacturing and development, production and deployment for the Space Fence program.
Steadfast Capital reported a 5.2% passive stake in Tesoro (TSO -0.21%) .
Applied Materials (AMAT +1.63%) was initiated with a 'Buy' at Jefferies with a price target of $28.
Kroger (KR -0.48%) was initiated with an 'Outperform' at Oppenheimer with a price target of $55.
Quiksilver (ZQK -2.53%) plunged over 30% in after-hours trading after it reported a Q2 adjusted EPS loss of -15 cents, a much wider loss than consensus of -2 cents.

MARKET COMMENTS

June E-mini S&Ps (ESM14 -0.26%) this morning are down -2.50 points (-0.13%). The S&P 500 index on Monday rose to a new record high and closed higher. Bullish factors include (1) reduced Chinese economic concerns after the China May manufacturing PMI rose +0.4 to 50.8, better than expectations of +0.3 to 50.7 and the fastest pace of expansion in 5 months, and (2) the +0.5 point increase in the May ISM manufacturing index to a 5-month high of 55.4. Closes: S&P 500 +0.07%, Dow Jones +0.16%, Nasdaq -0.10%.
Sep 10-year T-notes (ZNU14 -0.19%) this morning are down -9 ticks at a 2-week low. Sep 10-year T-note futures prices on Monday closed lower. Bearish factors included (1) reduced safe-haven demand for Treasuries after the S&P 500 rallied to another record high, and (2) the increase in the May ISM manufacturing index to its fastest pace in 5 months. Closes: TYU4 -20.00, FVU4 -11.75.
The dollar index (DXY00 -0.12%) this morning is down -0.032 (-0.04%). EUR/USD (^EURUSD) is +0.0012 (+0.09%). USD/JPY (^USDJPY) is up +0.06 (+0.06%). The dollar index on Monday rose to a 3-1/2 month high and closed higher. Supportive factors included (1) weakness in EUR/USD after German May CPI rose a less than expected +0.6% y/y, the slowest pace of increase in 4-1/2 years, which may prompt the ECB to expand stimulus measures when it meets Thursday, and (2) weakness in the yen after USD/JPY rallied up to a 1-month high after Nomura Holdings forecast that Japan’s pension funds may diversify their assets and purchase as much as $200 billion in foreign assets, which may weaken the yen by about 10% against the dollar. Closes: Dollar Index +0.275 (+0.34%), EUR/USD -0.0034 (-0.25%), USD/JPY +0.652 (+0.64%).
July WTI crude oil (CLN14 -0.12%) this morning is down -6 cents (-0.06%). July gasoline (RBN14 -0.25%) is down -0.0071 (-0.24%). July crude and gasoline prices on Monday slipped to 1-1/2 week lows and closed lower. Bearish factors included (1) the surge in the dollar index to a 3-1/2 month high, and (2) increased OPEC output after Bloomberg data showed OPEC May oil production rose +75,000 bpd to 29.988 million bpd. Closes: CLN4 -0.32 (-0.31%) RBN4 -0.0162 (-0.55%).

GLOBAL EVENT CALENDAR06/03/2014

US	1000 ET	Apr factory orders expected +0.5%, Mar +0.9%.
	1350 ET	Kansas City Fed President Esther George speaks about the U.S. economy and monetary policy to business and community leaders at an event in Breckenridge, CO.
	n/a
UK	0200 ET	UK May nationwide house prices, expected +0.6% m/m and +10.9% y/y, Apr +1.2% m/m and +10.9% y/y.
	0430 ET	UK May Markit/CIPS construction PMI, Apr 60.8.
	1901 ET	UK May BRC shop price index expected -1.3% y/y, Apr -1.4% y/y.
EUR	0500 ET	Eurozone May CPI estimate expected +0.6% y/y, Apr +0.7% y/y. May core CPI expected +0.8% y/y, Apr +1.0% y/y.
	0500 ET	Eurozone Apr unemployment rate expected unch at 11.8%.

U.S. STOCK CALENDAR06/03/2014

Company Name	Ticker	Time	Event Description	Period	Estimate
Dollar General Corp	DG US	Bef-mkt	Q1 2015 Earnings Release	Q1 2015	0.732
SEI Investments Co	SEIC US	8:30	Investor Meeting	Y 2014
Cubist Pharmaceuticals Inc	CBST US	8:30	Annual General Meeting	Y 2014
MasterCard Inc	MA US	8:30	Annual General Meeting	Y 2014
Ford Motor Co	F US	9:30	May 2014 Sales and Revenue Release	2014
Ford Motor Co	F US	10:00	May 2014 Sales and Revenue Call	2014
Dollar General Corp	DG US	10:00	Q1 2015 Earnings Call	Q1 2015
Nabors Industries Ltd	NBR US		Annual General Meeting
Cognizant Technology Solutions Corp	CTSH US		Annual General Meeting
IPG Photonics Corp	IPGP US		Annual General Meeting	Y 2014
Fresh Market Inc/The	TFM US		Annual General Meeting

BARCHART MORNING CALL 12/13

BARCHART MORNING CALL

Friday, December 13th, 2013View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

March E-mini S&Ps (ESH14 +0.40%) this morning are up +0.42% and European stocks are up +0.33% after the U.S. House of Representatives late yesterday passed the first bipartisan budget in four years. Asian stocks closed mixed: Japan +0.40%, Hong Kong +0.12%, China -0.14%, Taiwan +0.19%, Australia +0.71%, Singapore +0.23% South Korea -0.39%, India -1.00%. Japanese exporters rallied and led the Nikkei Stock Index higher after the yen fell to a 5-year low against the dollar, which boosts the prospects for exporter profits. Commodity prices are mixed. Jan crude oil (CLF14 -0.54%) is down -0.41%. Jan gasoline (RBF14 +0.17%) is up +0.26%. Feb gold (GCG14 +0.38%) is up +0.28%. March copper (HGH14 +0.05%) is up +0.17%. Agricultural and livestock prices are mostly lower. The dollar index (DXY00 +0.18%) is up +0.16%. EUR/USD (^EURUSD) is down -0.20%. USD/JPY (^USDJPY) is up +0.22% at a 5-year high as the yen weakened on expectations the Fed will taper QE3 while the BOJ will expand its asset-purchase program to boost the economy and raise the inflation rate. March T-note prices (ZNH14 -0.05%) are down -2 ticks.
The Japanese yen tumbled to a 5-year low against the U.S. dollar after BOJ Governor Kuroda said in a FT interview that "we intend to achieve the 2% inflation target and maintain that in a stable manner," and if our models are mistaken or economic shock occurs, we can "adjust if necessary." This suggests the BOJ will maintain and possibly expand its ultra-easy monetary policy in order to achieve its policy goals.
The U.S. House of Representatives late yesterday passed a budget that limits automatic cuts to federal spending and avoids another government shutdown next month. The Senate still needs to approve the legislation before President Obama signs it into law.
Eurozone Q3 employment was unch q/q, the tenth consecutive quarter of no employment increase. On a year-over-year bases Q3 employment fell -0.8% y/y,
The German Nov wholesale price index fell -0.2% m/m, for the eighth month out of nine that wholesale prices have fallen. On an annual basis, wholesale prices fell -2.2% y/y.
UK Oct construction output rose +2.2% m/m and +5.3% y/y, stronger than expectations of +1.6% m/m and +1.3% y/y.
Japan Oct industrial production was revised up to +1.0% m/m and +5.4% y/y from the originally reported +0.5% m/m and +4.7% y/y.
The India Nov CPI climbed +11.24% y/y, higher than expectations of +10.00% y/y and the fastest pace of increase in 22-months. This may prompt the RBI to raise interest rates at its policy meeting next week.

U.S. STOCK PREVIEW

Today’s Nov PPI report is expected to strengthen to +0.8% y/y from +0.3% in October. Meanwhile, the Nov core PPI is expected to be unchanged from October at +1.4% y/y. There are no major earnings reports today. There are no equity conferences today.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN -0.25%) was upgraded to 'Strong Buy' from 'Buy' at ISI Group.
British Petroleum (BP -1.13%) was downgraded to 'Neutral' from 'Buy' at UBS.
Advance Auto Parts (AAP +0.82%) was upgraded to 'Top Pick' from 'Outperform' at RBC Capital.
Anadarko (APC +0.10%) was downgraded to 'Underweight' from 'Neutral' at JPMorgan.
FedEx (FDX -0.12%) was upgraded to 'Strong Buy' from 'Outperform' at Raymond James.
Boeing (BA +0.30%) was awarded a $872.77 million government contract for system upgrades for F/A-18 A/B, C/D, E/F and EA-18G aircraft for the U.S. Navy and the governments of Australia, Finland, Switzerland, Kuwait, Malaysia, and Canada.
Billionare investor Carl Icahn reported a 12.51% stake in Hologic (HOLX -0.55%) .
Restoration Hardware (RH -1.17%) raised guidance on fiscal year 2014 EPS view $1.71-$1.74 from $1.65 to $1.70, stroger than consensus of $1.71.
According to data from ComScore, Google Sites (GOOG -0.68%) led the U.S. explicit internet core search market in November with 66.7% market share, followed by Microsoft Sites (MSFT -1.04%) with 18.1% and Yahoo Sites (YHOO +0.51%) with 11.2%.
Quiksilver (ZQK +2.66%) reported a Q4 EPS loss ex-items of -4 cents, weaker than consensus of a 4 cents gain.
SAIC (SAIC -2.44%) reported Q3 EPS of 44 cents, weaker than consensus of 50 cents, and then lowered guidance on fiscal 2014 EPS to $2.13-$2.33, well below consensus of $2.47..
Adobe (ADBE -1.19%) climbed over 6% in pre-market tradng after it reported Q4 adjusted EPS of 32 cents, right on consensus, although it said it signed up 402,000 customers in Q4 to its Creative Cloud online software, higher than analysts' estimates of 350,000 new customers.

MARKET COMMENTS

Mar E-mini S&Ps (ESH14 +0.40%) this morning are up +7.50 points (+0.42%). The S&P 500 index on Thursday dropped to a 1-month low and closed lower after Nov retail sales rose +0.7% and +0.4% ex-autos, which boosted speculation the Fed may taper QE3 as soon as next week. U.S. weekly initial unemployment claims jumped +68,000 to a 2-month high of 368,000 on what appeared to be mostly seasonal volatility. Closes: S&P 500 -0.38%, Dow Jones -0.66%, Nasdaq 100 -0.25%.
Mar 10-year T-notes (ZNH14 -0.05%) this morning are down -2 ticks. Mar T-notes on Thursday closed lower after the stronger-than-expected U.S. Nov retail sales added to speculation that the Fed will soon curb its bond purchases. Declines were limited after weekly jobless claims rose a more-than-expected +68,000 to a 2-month high. Closes: TYH4 -8.50, FVH4 -7.00.
The dollar index (DXY00 +0.18%) this morning is up +0.128 (+0.16%). EUR/USD (^EURUSD) is down -0.0028 (-0.20%) and USD/JPY (^USDJPY) is up +0.23 (+0.22%) at a 5-year high. The dollar index on Thursday closed higher after the larger-than-expected increase in U.S. Nov retail sales boosted speculation the Fed may start to taper QE3 as soon as next week’s FOMC meeting. EUR/USD retreated after Eurozone Oct industrial production unexpectedly fell -1.1% m/m, much weaker than expectations of +0.3% m/m and the biggest monthly decline in 13 months. Closes: Dollar index +0.312 (+0.39%), EUR/USD -0.00325 (-0.24%), USD/JPY +0.945 (+0.92%).
Jan WTI crude oil (CLF14 -0.54%)this morning is down -40 cents (-0.41%) and Jan gasoline (RBF14 +0.17%) is up +0.0068 (+0.26%). Jan crude oil and gasoline prices on Thursday closed mixed. Crude prices closed higher as stronger-than-expected U.S. Nov retail sales bolstered the outlook for the economy and energy demand, while gasoline prices fell on concern about higher supplies with U.S. refiners operating at a 5-month high of 92.6% of capacity. Closes: CLF4 +0.06 (+0.06%), RBF4 -0.0263 (-0.99%).

GLOBAL EVENT CALENDAR12/13/2013

US	0830 ET	Nov PPI expected unch m/m and +0.8% y/y, Oct -0.2% m/m and +0.3% y/y. Nov PPI ex food & energy expected +0.1% m/m and +1.4% y/y, Oct +0.2% m/m and +1.4% y/y.
	n/a	U.S. Congress deadline for budget proposal.
GER	0200 ET	German Nov wholesale price index, Oct -1.0% m/m and -2.7% y/y.
UK	0430 ET	UK Oct construction output expected +1.6% m/m and +1.3% y/y, Sep -0.9% m/m and +5.8% y/y.

U.S. STOCK CALENDAR12/13/2013

Company Name	Ticker	Time	Event Description	Period	Estimate
Scotts Miracle-Gro Co/The	SMG US	9:30	Analyst & Investor Day	Y 2013
Landstar System Inc	LSTR US	14:00	Q4 2013 Guidance Call - Mid Quarter	Q4 2013
Johnson & Johnson	JNJ US		PDUFA, Complera, switch indication in HIV
Gilead Sciences Inc	GILD US		PDUFA, Complera, switch indication in HIV
Lions Gate Entertainment Corp	LGF US		U.S. Box Office Release of Movie Tyler Perry's A Madea Christmas""

Quick Silver - Illinois Tool Works Sell Signals

Today I deleted Quick Silver (ZQK) and Illinois Tool Works (ITW) from the Barchart Van Meerten New High portfolio for negative price momentum:

Quick Silver (ZQK)

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 10.55% off for last month
• 11.86% off its 1 year high
• Relative Strength Index 41.32%

Illinois Tool Works (ITW)

Barchart technical indicators:

• 80% Barchart short term technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 4.24% off its monthly high
• 7.36% off its 1 year high
• Relative Strength Index 41.06%

Barchart Morning Call 3/8

Barchart Morning Call - 3/8

Friday, March 8th, 2013View Older Reports

Everything you need to know about the markets in one free daily newsletter.

E-mail:

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

June E-mini S&Ps (ESH13 +0.28%) are up +0.37% this morning on a +1.03% rally in European stocks and mostly higher stocks in Asia. The markets are encouraged by today's continued drop in Spanish and Italian bond yields and by a +22% increase in Chinese Feb exports and upward revision in Japan's Q4 GDP to +0.2% q/q annualized from -0.4%, although Germany's Jan industrial production was weaker than expected at unchanged. Commodity prices this morning are mildly higher by 0.13%. April crude oil (CLJ13 -0.49%) is down -0.21%, April gasoline (RBJ13 +0.77%) is up +0.49%, April gold (GCJ13 -0.01%) is up +0.15%, May copper (HGK13 -0.27%) is down -0.40%, and agriculture prices are trading mostly higher. The dollar index (DXY00 +0.22%) is mildly higher by +0.11%. EUR/USD (^EURUSD) is little changed and USD/JPY (^USDJPY) is sharply higher by +0.94% as Japan's Jan trade balance showed a large deficit of -1.5 trillion yen. June 10-year T-notes (ZNM13 -0.14%) are down 5.5 ticks.
China's Feb exports rose sharply by +21.8% y/y, which was down from +25.8% in Jan but was much stronger than market expectations of +8.1%. Meanwhile, Feb imports fell by -15.2% y/y, weaker than market expectations of -8.5% y/y. The Feb trade balance showed a surplus of $15.25 billion, down from the $29.15 billion surplus in Jan but better than market expectations for a deficit of -$6.9 billion.
The Spanish 10-year bond yield today fell by another 7 bp to a new 2-1/3 year low of 4.83% as market concern about Spain continues to ease. The Italian 10-year bond yield fell by 3 bp to 4.56%.
German Jan industrial production was unchanged m/m and -1.3% y/y, which was weaker than market expectations of +0.4% m/m and -1.2% y/y. The report provided further evidence to show how the German economy is stagnating due to the Eurozone recession.
Japan's Feb Eco Watchers outlook index rose to 57.7 from 56.5 in Jan, while the Feb current index rose to 53.2 from 49.5.
Japan's Jan adjusted current account balance rose to 365 billion yen from a revised 115 billion yen in Dec. Japan's Jan trade balance showed a big deficit of -1.479 trillion yen, which was a bit narrower than market expectations of -1.5 trillion yen.
Japan's Q4 GDP was revised upward to +0.2% q/q annualized from the preliminary report of -0.4%.
North Korea today scrapped the 1953 armistice that called a truce in the Korean war and canceled the hotline with South Korea after the UN approved new sanctions. South Korea this week warned North Korea that any military provocation may be met not only with retaliation on the site of the attack but also possibly on command leadership facilities.

U.S. STOCK PREVIEW

Today’s Feb payroll report is expected to show an increase of +160,000, which would be just slightly below the 6-month trend increase of +177,000, but slightly above January’s increase of +157,000. Today’s Feb unemployment rate is expected to be unchanged from January’s 7.9% level. That would be 0.1 point above the 4-year low of 7.8% posted several times in late 2012.
There are three of the Russell 1000 companies that report earnings today: Foot Locker (consensus $0.73), Carnival (0.03), and Tahoe Resources (-0.15).

June E-mini S&Ps (ESH13 +0.28%) are up 5.75 points (+0.37%) on expectations for a solid payroll report this morning and on a sharp 1.03% rally in European stocks. The S&P 500 index on Thursday closed higher with the Dow at a record high and the S&P 500 at a 5-1/3 year high. Bullish factors included (1) the unexpected drop in weekly initial unemployment claims to a 6-week low, and (2) carry-over support from a rally in European stocks after S&P upgraded Portugal’s credit rating and ECB President Draghi said the Eurozone economy will stabilize this year. Closes: S&P 500 +0.18%, Dow Jones +0.23%, Nasdaq +0.25%.

OVERNIGHT U.S. STOCK MOVERS

• Foot Locker (FL +0.40%) reported Q4 adjusted EPS of 73 cents, right in line with the consensus of 73 cents.
• Fuel Systems (FSYS +3.63%) reported Q4 adjusted EPS of 1 cents, better than the consensus for a 3-cent loss.
• Continental Grain sent a letter to the Smithfield Foods (SFD +10.67%) board requesting that the board hire an investment bank to consider its strategic options, such as splitting the company into three independent companies.
• Carl Icahn raised his stake in Herbalife (HLF unch) to 15.55% from 13.6%.
• H&R Block (HRB -1.11%) reported an adjusted Q3 EPS loss of -22 cents, worse than consensus of -1 cent, saying total Q3 revenues fell -29% due to "timing issues" from the IRS opening its e-file system on January 30, which resulted in delays to the start of the U.S. tax season.
• WuXi PharmaTech (WX +0.46%) reported Q4 EPS of 38 cents, better than consensus of 30 cents.
• Medifast (MED +0.58%) reported Q4 adjusted EPS of 28 cents, better than consensus of 25 cents, but lowered its guidance on Q1 EPS to 32 cents to 35 cents, below consensus of 45 cents.
• Cooper Companies (COO -0.81%) reported Q1 EPS of $1.23, better than consensus of $1.19.
• Quiksilver (ZQK +0.96%) reported a Q1 EPS loss of -16 cents, worse than consensus of -7 cents.
• PowerSecure (POWR +5.30%) reported Q4 EPS of 13 cents, better than consensus of 11 cents.
• TiVo (TIVO +0.96%) was initiated with an "Overweight" at Piper Jaffray with a share price target of $16.
• Covanta (CVA -1.22%) announced that the Board of Directors has authorized a 10% increase of the company's quarterly cash dividend to 16.5 cents from 15 cents per share. The Board of Directors also increased the current share repurchase authorization to $150 million.
• Emergent BioSolutions (EBS +0.07%) reported Q4 EPS of 44 cents, slightly weaker than consensus of 45 cents.
• Finisar (FNSR +5.53%) reported Q3 adjusted EPS of 17 cents, slightly better than consensus of 16 cents.

MARKET COMMENTS

June 10-year T-notes (ZNM13 -0.14%) are down 5.5 ticks on reduced safe-haven demand with the rally in U.S. and European stock indexes. June 10-year T-note prices on Thursday slid to a 1-1/2 week low on the decline in unemployment claims and on reduced safe-haven demand with the Dow at a new record high and with Standard & Poor’s upgrading Portugal’s credit rating to stable from negative. Closes: TYM3 -15.5, FVM3 -7.75.
The dollar index (DXY00 +0.22%) is up +0.09 points (+0.11%). EUR/USD (^EURUSD) is virtually unchanged. USD/JPY (^USDJPY) is sharply higher by +0.89 yen (+0.94%) on today's Japanese trade deficit news. The dollar index on Thursday closed lower on reduced safe-haven demand as stocks rallied. EUR/USD strengthened after Standard & Poor’s upgraded Portugal’s credit rating outlook to stable from negative and after ECB President Draghi said the Eurozone economy will stabilize this year. USD/JPY posted a 3-1/2 year high on speculation the BOJ will expand its yen-negative monetary stimulus measures: Dollar index -0.378 (-0.46%), EUR/USD +0.0140 (+1.08%), USD/JPY +0.758 (+0.80%).
April WTI crude oil (CLJ13 -0.49%) is down -0.19 (-0.21%) and April gasoline (RBJ13 +0.77%) is up +0.0154 (+0.49%). Crude oil and gasoline prices on Thursday closed mixed as crude oil gained on economic optimism after the Dow rallied to another record high. However, gasoline weakened on signs of adequate supplies after the DOE on Wednesday reported that U.S. gasoline inventories in the important PADD1 district that includes NY Harbor (where Nymex gasoline is priced) rose by +651,000 bbl. Closes: CLJ3 +1.13 (+1.25%), RBJ3 -0.0014 (-0.04%).

GLOBAL EVENT CALENDAR03/08/2013

US	0830 ET	Feb non-farm payrolls expected +160,000, Jan +157,000. Feb private payrolls expected +167,000, Jan +166,000. Feb manufacturing payrolls expected +10,000, Jan +4,000. Feb unemployment rate expected unchanged at 7.9%, Jan +0.1 to 7.9%.
	0830 ET	U.S. Feb average hourly earnings expected +0.2% m/m and +2.1% y/y, Jan +0.2% m/m and +2.1% y/y. Feb average weekly hours all-employees expected unchanged at 34.4 hours, Jan 34.4 hours.
	1000 ET	Jan wholesale inventories expected +0.3% m/m, Dec -0.1% m/m.
JPN	0000 ET	Jan Feb Eco watchers survey outlook, Jan 56.5. Feb Eco watchers survey current, Jan 49.5.
GER	0600 ET	German Jan industrial production expected +0.4% m/m and -1.2% y/y, Dec +0.3% m/m and -1.1% y/y.
CHI	2030 ET	China Feb CPI expected +3.0% y/y, Jan +2.0% y/y. Feb PPI expected -1.5% y/y, Jan -1.6% y/y.

U.S. STOCK CALENDAR03/08/2013

Company Name	Symbol	Time	Event Description	Period	EPS Est (US$)
Foot Locker Inc	FL US	Bef-mkt	Q4 2013 Earnings Release	Q4 2013	0.726
Foot Locker Inc	FL US	9:00	Q4 2013 Earnings Call	Q4 2013
Analog Devices Inc	ADI US		ITC Scheduled to Release Findings for Dover Corp vs Analog Devices
Carnival Corp	CCL US		Q1 2013 Earnings Release	Q1 2013	0.032
Walt Disney Co/The	DIS US		Box Office Release of Movie Oz the Great and Powerful""
Dover Corp	DOV US		ITC Scheduled to Release Findings for Dover Corp vs Analog Devices
Hawaiian Electric Industries Inc	HE US		Financial Community Meeting - Day 3	Y 2013
Hill-Rom Holdings Inc	HRC US		Annual General Meeting
McDonald's Corp	MCD US		February 2013 Sales and Revenue Release	2013
Thor Industries Inc	THO US		Q2 2013 Earnings Release	Q2 2013	0.38
Tahoe Resources Inc	THO CN		Q4 2012 Earnings Release	Q4 2012	-0.147