For Tuesday
OVERNIGHT MARKETS AND NEWS
March E-mini S&Ps (ESH16 -0.61%) are down -0.66% and European stocks are down -0.57% at a 3-month low as China's Shanghai Composite extended Monday's sell-off and fell to a new 2-1/2 month low. Deflation concerns also hurt European equities and knocked EUR/USD down to a 1-month low after Eurozone Dec CPI rose less than expected. Asian stocks settled mostly lower: Japan -0.42%, Hong Kong -0.65%, China -0.26%, Taiwan -0.48%, Australia -1.63%, Singapore -0.06%, South Korea +0.64%, India -0.17%. China's Shanghai Composite recovered from its worst levels in late trading after China moved to support the market with state-controlled funds buying equities and after people familiar with the matter said that regulators will extend the selling ban by major investors beyond Friday's expiration date.
The dollar index (DXY00 +0.41%) is up +0.41% at a 2-week high. EUR/USD (^EURUSD) is down -0.64% at a 1-month low after weaker-than-expected Eurozone Dec consumer price data fueled speculation the ECB may need to expand QE. USD/JPY (^USDJPY) is down -0.39%.
Mar T-note prices (ZNH16 +0.14%) are up +6 ticks.
The Eurozone Dec CPI estimate rose +0.2% y/y, less than expectations of +0.3% y/y. The Dec core CPI rose +0.9% y/y, less than expectations of +1.0% y/y.
U.S. STOCK PREVIEW
Key U.S. news today includes: (1) (1) Dec New York ISM (Nov -5.1 to 60.7), and (2) Dec total vehicle sales (expected 18.00 million, Nov 18.05 million) and Dec domestic vehicle sales (expected 14.20 million, Nov 13.99 million).
None of Russell 3000 companies report earnings today.
U.S. IPO's scheduled to price today: none.
Equity conferences this week: J.P. Morgan Tech Forum on Tue, Goldman Sachs Health Care CEO Unscripted Conference on Tue, Goldman Sachs Global Energy Conference on Wed, and Citi Global Internet, Media & Telecommunications Conference on Wed-Thu.
http://www.barchart.com/newsletters/usmorningcall
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U.S. stock index futures were lower on Tuesday, a day after weak Chinese economic data rekindled fears of a global slowdown and sparked a sharp selloff.
* The slide prompted a near-$20 billion injection by the People's Bank of China to stabilize markets. Chinese stock indexes were little changed on Tuesday after falling 7 percent on Monday.
* Global stocks were down but off the lows they hit in the previous session.
* Crude oil was lower as investors fretted about the state of the Chinese economy and a stronger dollar. [O/R]
* U.S. stocks closed sharply lower on Monday, with the Dow making its worst start to a year since 2008. Weak U.S. factory data also added to the worries.
* U.S. automakers are scheduled to report December sales figures on Tuesday, with estimates pointing to a decline to 18.10 million units from 18.19 million units in November.
* Dupont's shares were down 1.5 percent at $62.10 in premarket trading after Citigroup cut its rating on the Dow component to "neutral".
http://www.google.com/finance
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World markets
Shanghai 3,287.71 -8.55 (-0.26%)
Nikkei 225 18,374.00 -76.98 (-0.42%)
Hang Seng Index 21,188.72 -138.40 (-0.65%)
TSEC 8,075.11 -39.15 (-0.48%)
FTSE 100 6,133.18 +39.75 (0.65%)
EURO STOXX 50 3,158.07 -6.69 (-0.21%)
CAC 40 4,507.75 -14.70 (-0.33%)
S&P TSX 12,927.15 -82.80 (-0.64%)
S&P/ASX 200 5,184.40 -86.10 (-1.63%)
BSE Sensex 25,580.34 -43.01 (-0.17%)
TA25 1,531.61 +7.51 (0.49%)
SMI 8,617.08 -39.23 (-0.45%)
ATX 2,345.95 -2.36 (-0.10%)
IBOVESPA 42,326.28 +185.25 (0.44%)
SET 1,253.34 -10.07 (-0.80%)
BIST100 70,019.45 -498.90 (-0.71%)
IBEX 9,343.50 +30.30 (0.33%)
WIG 44,976.74 -379.91 (-0.84%)
TASI 6,743.16 -44.97 (-0.66%)
MERVAL 12,260.89 0.00 (0.00%)
IPC 42,113.70 -863.80 (-2.01%)
IDX Composite 4,557.82 +31.90 (0.70%