Day Traders Diary


U.S. equity futures trade modestly lower with the S&P 500 futures off 0.1%. Overnight, Senators Reid and McConnell continued working on a deal to avoid breaching the debt ceiling and putting an end to the partial government shutdown. Although a final agreement is not yet in place, reports from Washington have said "tremendous progress" has been made.

Looking at overseas developments:

Asian markets ended mixed. China's Shanghai Composite -0.2%, Japan's Nikkei +0.3%, and Hong Kong's Hang Seng +0.5%.
Regional economic data was limited:
Australia's new motor vehicle sales ticked down 0.1% month-over-month (0.7% prior).
Japan's industrial production fell 0.9% month-over-month (-0.7% expected, -0.7% prior) and capacity utilization declined 2.1% month-over-month (3.7% prior).
In news:
In China, following yesterday's hotter-than-expected inflation reading, an ANZ economist said the country's CPI is likely to remain above 3.0% during October and November.
Major European indices trade near their best levels of the session. France's CAC +0.6%, Germany's DAX +0.8%, and Great Britain's FTSE +0.9%. Elsewhere, Italy's MIB -0.1% and Spain's IBEX +0.5%.
In economic data:
Eurozone ZEW Economic Sentiment slipped to 59.1 from 59.4 (58.6 previous).
Germany's ZEW Economic Sentiment improved to 52.8 from 49.6 (49.6 prior) and the Import Price Index ticked up 0.1% month-over-month (-0.1% expected, 0.1% prior).
French CPI slipped 0.2% month-over-month (-0.3% expected, 0.4% last).
Great Britain's CPI rose 0.4% month-over-month (0.3% forecast, 0.4% prior) while the year-over-year reading rose 2.7% (2.6% expected, 2.7% previous). Also of note, core CPI rose 2.2% year-over-year (2.0% forecast, 2.0% last) and input PPI rose 1.1% year-over-year (2.6% expected, 2.4% prior). Separately, the House Price Index increased 3.8% year-over-year (3.6% forecast, 3.3% previous).
Looking at news:
Eurogroup head Jeroen Dijsselbloem discussed the situation in Greece, saying there is no support among the Eurogroup for haircuts on Greek debt. Mr. Dijsselbloem also said the current support for the bail-in sequence is widespread.
In U.S. corporate news:

Citigroup (C 49.20, -0.40) is -0.8% following its earnings miss on below-consensus revenue.
Coca-Cola (KO 38.51, +0.60) is +1.6% after reporting earnings in-line with expectations.
Domino's Pizza (DPZ 68.11, -0.74) is -1.1% after missing earnings estimates by one cent.
Teradata (TDC 43.90, -8.68) is -16.5% after guiding its third-quarter earnings and revenue below analyst expectations.

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