Morning Call For October 16, 2015


December E-mini S&Ps (ESZ15 -0.19%) are down -0.19% as they fall back from a 1-3/4 month high posted in overnight trade. U.S. stock index futures retreated and the dollar and Treasuries rose after Turkey said it shot down an unidentified aircraft flying within its airspace on the Syrian border. European stocks are up +0.75% at a 5-week high on speculation that recent weaker-than-expected economic data will prompt global central banks to maintain or even expand stimulus measures. The markets will scrutinize today’s U.S. Sep industrial production and Oct University of Michigan consumer sentiment data for clues as to the timing of any Fed interest rate increase. Asian stocks settled mostly higher: Japan +1.08%, Hong Kong +0.78%, China +1.60%, Taiwan +0.04%, Australia +0.73%, Singapore +0.51%, South Korea -0.21%, India +0.76%. China’s Shanghai Composite climbed to a 1-3/4 month high on speculation the government will introduce additional measures to spur economic growth.

The dollar index (DXY00 +0.29%) is up +0.31%. EUR/USD (^EURUSD) is down -0.31%. USD/JPY (^USDJPY) is up +0.10%.

Dec T-note prices (ZNZ15 +0.10%) are up +3 ticks.


Key U.S. news today includes: (1) Sep industrial production (expected -0.3%, Aug -0.4%), (2) Aug JOLTS job openings (expected -173,000 to 5.580 million, Jul +430,000 to 5.753 million), and (3) preliminary-Oct U.S. consumer sentiment index from the University of Michigan (expected +1.8 to 89.0, Sep -4.7 to 87.2).

There are 8 of the S&P 500 companies report earnings today: GE (consensus $0.26), Honeywell (1.54), Comerica (0.70), Kansas City Southern (1.22), Progressive (0.48), SunTrust Banks (0.84), WW Grainger (3.06), M&T Bank (2.01).

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

Equity conferences today include: none.


General Electric (GE +1.56%) fell over 1% in pre-market trading after it reported Q3 EPS of 28 cents, better than consensus of 26 cents, but sales of $27.9 billion were below consensus of $28.6 billion.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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