Live Index – Fri, 12 Feb 2016 Premarket

March E-mini S&Ps (ESH16 +1.01%) are up +1.21% and European stocks are up +1.79% as strength in bank stocks and energy producers leads the overall market higher. JPMorgan Chase climbed over 3% and Bank of America added 2.4% in pre-market trading, while ConocoPhillips advanced 2.7% as the price of crude (CLH16 +4.69%) jumped +5.34%. European stocks were led higher by gains in mining stocks as copper prices rose, although on the negative side was the unexpected -1.0% m/m drop in Eurozone Dec industrial production, the biggest decline in 16 months. Asian stocks settled mostly lower: Japan -4.84%, Hong Kong -1.22%, Australia -1.16%, Singapore +0.07%, South Korea -0.76%, India +0.15%. China and Taiwan were closed or holiday. Japan’s Nikkei Stock Index dropped to a 1-1/4 year low as the market reopened from Thursday’s holiday as the plunge in USD/JPY to a 1-1/4 year low led export stocks lower. Stock trading in China has been closed for the week for the Lunar New Year holiday and will reopen on Monday.

The dollar index (DXY00 +0.24%) is up +0.20%. EUR/USD (^EURUSD) is down -0.38%. USD/JPY (^USDJPY) is up +0.16%.

Mar T-note prices (ZNH16 -0.24%) are down -12 ticks.

Eurozone Dec industrial production unexpectedly fell -1.0% m/m, weaker than expectations of +0.3% m/m and the largest decline in 16 months.

Key U.S. news today includes: (1) Jan retail sales (expected +0.1% m/m and unch m/m ex autos, Dec -0.1% and -0.1% ex autos), (2) Jan import price index (expected -1.5% m/m and -6.8% y/y, Dec -1.2% m/m and -8.2% y/y), (3) New York Fed President William Dudley’s press briefing on trends in household borrowing and indebtedness and appearance on a panel of New York Fed economists to answer questions after the presentation, (4) Dec business inventories (expected +0.1%, Nov -0.2%), and (5) the University of Michigan’s prelim-Feb U.S. consumer sentiment index (expected +0.3 to 92.3, Jan -0.6 to 92.0).

There are 3 of the S&P 500 companies that report earnings today: Interpublic Group (consensus $ 0.62), Ventas (1.01), DENTSPLY International (0.65).

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

Equity conferences today: none.

JPMorgan Chase (JPM -4.41%) climbed over 3% in after-hours trading after CNBC reported that CEO Jamie Dimon purchased 500,000 shares of JPM for $ 26.5 million.

ConocoPhillips (COP -1.42%) rose nearly 3% in pre-market trading as the the price of crude oil climbed %.

Square (SQ -2.93%) jumped over 6% in pre-market trading after Visa reported a 9.99% stake in the company.

Groupon (GRPN -0.44%) surged 16% in after-hours trading after it reported Q4 adjusted EPS of 4 cents, better than consensus of break-even.

Wynn Resorts (WYNN +2.67%) gained over 2% in after-hours trading after it reported Q4 adjusted EPS of $ 1.03, well above consensus of 76 cents.

Activision (ATVI +1.23%) plunged 14% in after-hours trading after it reported Q4 adjusted EPS of 83 cents, below consensus of 86 cents, and said it sees Q1 adjusted EPS of 11 cents, weaker than consensus of 18 cents.

Columbia Sportswear (COLM +0.71%) climbed 8% in after-hours trading after it reported Q4 adjusted EPS of 90 cents, higher than consensus of 75 cents, and then raised guidance on fiscal 2016 EPS to $ 2.55-$ 2.65, above consensus of $ 2.54.

Pandora Media (P +8.21%) dropped 6% in after-hours trading after it reported Q4 non-GAAP EPS of 4 cents, below consensus of 6 cents, and said it sees Q1 revenue of $ 280 million-$ 290 million, below consensus of $ 294.2 million.

CyberArk Software (CYBR +2.14%) slumped 8% in after-hours trading after it lowered guidance on fiscal 2016 adjusted EPS to 83 cents-86 cents, below consensus of 94 cents.

DaVita (DVA -1.71%) slid almost 2% in after-hours trading after the company said the government is conducting a False Claims Act investigation on allegations that DaVita Rx represented false claims for payment to government for prescription medications.

Rovi (ROVI -0.17%) climbed over 6% in after-hours trading after it reported Q4 adjusted EPS of 65 cents, well above consensus of 37 cents.

Select Comfort (SCSS +0.94%) sank 14% in after-hours trading after it lowered guidance on fiscal 2016 EPS to $ 1.25-$ 1.45, below consensus of $ 1.55.

Qlik Technologies (QLIK +2.86%) tumbled nearly 8% in after-hours trading after it reported Q4 adjusted EPS of 31 cents, below consensus of 38 cents, and said it sees a Q1 adjusted EPS loss of -12 cents to -14 cents, a wider loss than consensus of -9 cents.

Nu Skin Enterprises (NUS -4.96%) plunged over 15% in after-hours trading after it lowered guidance on fiscal 2016 revenue to $ 2.10 billion-$ 2.15 billion from a prior estimate of $ 2.29 billion-$ 2.33 billion, below consensus of $ 2.32 billion.

Mar E-mini S&Ps (ESH16 +1.01%) this morning are up +22.00 points (+1.21%). Thursday’s closes: S&P 500 -1.23%, Dow Jones -1.60%, Nasdaq -0.10%. The S&P 500 on Thursday sold-off to a 3-week low on carryover weakness from a plunge in European stocks to a 2-1/2 year low, and a lack of confidence in central bank efforts to spur economic growth after Wednesday’s comments from Fed Chair Yellen failed to inspire gains in stocks. Another negative for equities was the sell-off in energy and commodity producing stocks after crude oil dropped to a 3-week low and copper fell to a 2-week low.

Mar 10-year T-notes (ZNH16 -0.24%) this morning are down -12 ticks. Thursday’s closes: TYH6 +17.00, FVH6 +6.75. Mar T-notes on Wednesday soared to a 2-3/4 year nearest-futures high on increased safe-haven demand after global equity markets plunged and on reduced inflation expectation after the 10-year T-note breakeven inflation rate dropped to a 6-3/4 year low. T-notes fell back from their best levels on weak demand for the Treasury’s $ 15 billion auction of 30-year T-bonds that had a bid-to-cover ratio of 2.09, below the 12-auction average of 2.33 and the lowest in 1-1/2 years.

The dollar index (DXY00 +0.24%) this morning is up +0.189 (+0.20%). EUR/USD (^EURUSD) is down -0.0043 (-0.38%). USD/JPY (^USDJPY) is up +0.18 (+0.16%). Thursday’s closes: Dollar Index -0.326 (-0.34%), EUR/USD +0.0031 (+0.27%), USD/JPY -0.93 (-0.82%). The dollar index on Thursday tumbled to a 3-1/2 month low on carryover weakness from Wednesday’s comments from Fed Chair Yellen who said that the Fed expects the economy to warrant only gradual interest rate increases. The dollar was also pressured by the plunge in global equity markets that fueled safe-haven demand for the yen and sent USD/JPY down to a 1-1/4 year low.

Mar crude (CLH16 +4.69%) this morning is up +$ 1.40 a barrel (+5.34%) and Mar gasoline (RBH16 +5.38%) is up +0.0645 (+6.85%). Thursday’s closes: CLH6 -1.24 (-4.52%), RBH6 -0.0008 (-0.08%). Mar crude and gasoline on Thursday closed lower with Mar crude at a new 12-1/2 year low. Energy prices retreated on carryover weakness from Wednesday’s EIA data that showed a +1.26 million bbl increase in EIA gasoline inventories to a record high 255.6 million bbl and the +523,000 bbl increase in crude supplies at Cushing, OK, delivery point of WTI futures, to a record high 64.7 million bbl. The plunge in global equity markets also undercut confidence in the economic outlook and energy demand and was another negative for crude prices.