Market Happenings For Friday, December 14, 2012

Premarket, futures are mixed. Gainers this morning include FDO (+5.17%), PPG, BRCM, BSX and MRO while losers include MHP (-4.02%), SLB, APOL, NFLX and BTU.

The Market

A government report this morning showed that consumer prices fell 0.3% in November.

Core CPI, which excludes volatile food and gas priced, edged up 0.1% last month.

European stocks are mostly down and Asian markets ended mixed. However, Shanghai was up +4.32%.

Hey, do you think anyone says, I want to be like John McAfee when I’m his age?

Earnings Reports

Earnings reports (estimates): CUB-Cubic Corp ($0.76), SHF-Schiff Nutrition (0.25).

Financial Calendar

0830 ET Nov CPI expected -0.2% m/m and +1.9% y/y, Oct +0.1% m/m and +2.2% y/y. Nov core CPI expected +0.2% m/m and +2.0% y/y, Oct +0.2% m/m and +2.0% y/y.

0830 ET Nov NOPA soybean crush report.

0915 ET Nov industrial production expected +0.2% m/m, Oct -0.4% m/m. Nov manufacturing production, Oct -0.9% m/m. Nov capacity utilization expected +0.2 to 78.0%, Oct 77.8%.

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