Stansberry Research

Friday Morning Market Preview, Calendars

Stansberry NewsWire

Morning Market Preview:

S&P futures are lower, down 19 to 20 points, as…

  • Investors await the Chicago Purchasing Managers’ Index for December as a real-time update on current supply-chain conditions and inflation figures.
  • U.S. Transportation Secretary Pete Buttigieg said the Biden administration will hold Southwest Airlines “accountable” if it fails to fulfill commitments to customers, following thousands of cancelled flights over the holiday season.
  • Market analyst Ed Yardeni says that hopes of optimism on Wall Street in 2023 hinge on inflation falling, and even then, it could be a tough road for market ‘bulls’.

European markets fell as…

  • British officials are reviewing whether to impose restrictions on people arriving from China after a surge in COVID-19 infections hit the nation, but there are no imminent plans.
  • European natural gas prices have fallen to levels last recorded before Russia’s full-scale invasion of Ukraine in February, as warmer weather helps ease inventory pressures.
  • Italian Prime Minister Giorgia Meloni said that the European Central Bank needs to be more careful in the way it communicates and said that the euro zone’s bailout fund serves no useful purpose.
  • Poland’s Minister of Climate and Environment Anna Moskwa said that the nation is prepared for a Russian ban on oil sales to countries implementing a price cap.

Asian markets gained as…

  • South Korean inflation figures for December showed pricing pressures remain entrenched in near-term outlooks with prices growing 5.0% from last year, in line with expectations and unchanged from November. 
  • Chinese President Xi Jinping and Russian President Vladimir Putin will speak Friday to discuss a multitude of bilateral and regional issues as the nations’ relations tighten.
  • The Bank of Japan announced two additional rounds of unscheduled bond-purchase operations, fighting back against traders betting it will further relax its yield-curve control policy.
  • China’s Foreign Ministry spokesman Wang Wenbin encouraged countries to work together to ensure safe international travel and supply chain stability as they fight the pandemic.

And ahead of…

  • Chicago Purchasing Managers' Index ("PMI") for December (9:45 a.m.)
  • Baker Hughes Rig Count Data (1 p.m.)
  • China – CFLP Manufacturing, Services, and Composite PMI for December

Pre-Market Levels:

S&P -0.52%


Japan's Nikkei unchanged, Japan's TOPIX -0.22%, China's Shanghai Composite +0.51%, Hong Kong Hang Seng Index +0.20%, South Korea's KOSPI closed, Taiwan's TSE +0.37%


EuroStoxx 50 -0.83%, UK FTSE -0.45%, German DAX -0.83%, French CAC -0.76%, Italian MIB -0.62%, Spanish IBEX -0.56%            


Dollar -0.31%, Japanese Yen -0.90%, Euro +0.16%, British Pound -0.05%, Swiss Franc +0.02%, Chinese Yuan -0.93%


VIX +3.13%

Bitcoin -0.59%

Ethereum -0.27%


WTI Crude -0.06%

Brent Crude +0.04%

Nat Gas -0.07%

Copper +0.25%


Gold +0.02%

Silver -0.49%

Sovereign Bonds:

U.S. Treasury 10-yr yield +0.9 bps at 3.84%

U.S. Treasury 2-yr yield +1.9 bps at 4.39%

German 10-yr yield +4.1 bps at 2.50%

French 10-yr yield +4.6 bps at 3.05%

Italian 10-yr yield +7.4 bps at 4.62%

Japanese 10-yr yield -2.7 bps at 0.42%


No earnings.


Korea – Consumer Price Index for December
Chicago Purchasing Managers' Index ("PMI") for December (9:45 a.m.)
Baker Hughes Rig Count Data (1 p.m.)
China – CFLP Manufacturing, Services, and Composite PMI for December