est-ce que les coqs?

(Bloomberg) — U.S. index futures point to a slightly lower open on midterm election day. Asian stocks traded higher, while European markets are falling. A flurry of earnings are expected, including from Lilly and Ralph Lauren.

U.S. MARKETS: 

  • S&P 500 futures down 0.2% to 2,735.50
  • Brent Futures down 0.3% to $72.93/bbl
  • Gold spot up 0.3% to $1,234.90
  • U.S. Dollar Index up 0.01% to 96.29

WHAT TO WATCH: 

  • TOP OVERNIGHT NEWS:
    • What You Need to Know About the U.S. Midterm Election: QuickTake
    • Trump’s Domination of Debate Makes the Midterms All About Him
    • Wage Gains of 3% Taking Hold as U.S. Employers ‘Need to Pay Up’
    • Following the Midterm Elections Across Time Zones: Viewing Guide
    • Facebook Says Blocks Some Accounts Ahead of U.S. Elections
    • Carnival Signs $4.5B Order at CIIE; 12 More Company Deals Signed
    • Aegean Marine Petroleum Network Files for Chapter 11 in New York
    • United Airlines CEO Munoz Says China Is a Good, Strong Market
    • BlackRock Discloses Holdings in Nippon Steel, Broccoli: Filings
    • Westinghouse, China’s SPIC Sign MOU on Strategic Cooperation
    • FedEx CEO: Trade Issues A Lot More Complex Than People Think
    • Cheniere’s Corpus Christi LNG Plant Plans Startup Emissions
    • Line Halts Quick Games for a Month on Apple Store Issue: Nikkei
    • Apple’s Asian Suppliers Fall on Growing iPhone Output Concerns
    • Amazon Nears Deal For One HQ2 Site to Be Long Island City: NYT
    • Symantec Gains After Cramer Says Buy on Starboard Involvement
    • EU Plan to Tax Facebook, Amazon Heads for Brussels Showdown
    • A Penn State Engineer’s Quest to Become the World’s Gas King
    • Regus Owner IWG Would Get Little Out of Selling Real Estate
    • Electing Women Is the First Step. Reelecting Them Matters More
    • Silicon Valley and the Feds on Alert: Election Integrity Update
  • M&A, ECM SCHEDULED EVENTS:
    • N.A. M&A Weekly Agenda: Acia Healthcare, Athenahealth, CA, Fox
    • AMERICAS ECM AGENDA: HUYA Lockup Expiry, Allogene Initiations
  • ANALYST ACTIONS
    • (ADEN SW): Adecco Leads Staffing Company Gains as Brunel Rises on Upgrade
    • (AMAG): Amag Pharma Downgraded to Underweight at JPMorgan; PT $18
    • (ATI): Allegheny Technologies Upgraded to Buy at Longbow; PT Set to $34
    • (AVDL): Avadel ADRs Downgraded to Market Perform at JMP
    • (BMI): Badger Meter Rated New Buy at Maxim; PT $65
    • (CVI): CVR Energy Downgraded to Neutral at Goldman; PT $45
    • (DUFN SW): Dufry Upgraded at Citigroup on Valuation, 9-Month Results
    • (ED): Con Edison Upgraded to Neutral at Goldman; PT $73
    • (EFSC): Enterprise Financial Upgraded to Outperform at KBW; PT $60
    • (ENB CN): Enbridge Inc Upgraded to Outperform at Wells Fargo; PT C$55
    • (EQ): Equillium Rated New Buy at Jefferies; PT $19
    • (EQ): Equillium Rated New Buy at Stifel; PT $22
    • (IMPV): Imperva Downgraded to Sector Perform at RBC; Price Target $56
    • (KOS): Kosmos Energy Upgraded to Buy at Goldman; PT $9
    • (NYT): New York Times Downgraded to Underweight at Barclays; PT $18
    • (PBFX): PBF Logistics Cut to Market Perform at Wells Fargo; PT $24
    • (PLAN): Anaplan Rated New Sector Weight at KeyBanc
    • (PLAN): Anaplan Rated New Market Outperform at JMP; PT $29
    • (PLAN): Anaplan Rated New Overweight at Barclays; PT $30
    • (PLAN): Anaplan Rated New Neutral at Goldman; PT $25
    • (PLAN): Anaplan Rated New Equal-weight at Morgan Stanley; PT $23
    • (PLAN): Anaplan Rated New Overweight at Piper Jaffray; PT $28
    • (SHAK): Shake Shack Upgraded to Buy at Longbow; PT Set to $60
    • (SHLX): Shell Midstream Partners Cut to Sector Perform at RBC; PT $22
    • (WRD): WildHorse Downgraded to Outperform at Raymond James; PT $30
    • (WU): Western Union Cut to Market Perform at Wells Fargo; PT $20

EARNINGS: (All ests. EPS. All times ET) Previews here 

  • PRE-MKT
    • AES (AES US) 6am 30c
    • Air Products (APD US) 6am $1.99
    • American Finance Trust (AFIN US) 6am
    • AmerisourceBergen (ABC US) 6:30am $1.44
    • ANI Pharma (ANIP US) 8:30am$1.18
    • Antares Pharma (ATRS US) 7am(2c)
    • Archer-Daniels-Midland (ADM US) 7am 83c
    • Avanos Medical (AVNS US) 7am26c
    • Balchem (BCPC US) 7am 61c
    • Bausch Health (BHC CN) 7am 86c
    • Becton Dickinson (BDX US) 6am$2.93
    • BioCryst (BCRX US) 6am (28c)
    • Boise Cascade (BCC US) 5:45am75c
    • Broadridge (BR US) 7am 68c
    • Catalent (CTLT US) 7:30am 28c
    • Clearway Energy (CWEN/A US) 6:33am 30c
    • Colony Credit Real Estate (CLNC US) 8am 35c
    • Core-Mark (CORE US) 8:30am44c
    • CorePoint Lodging (CPLG US) 6:11am (4c)
    • CVS (CVS US) 6:55am $1.71
    • Dream Industrial REIT (DIR-U CN) 
    • Elanco Animal Health (ELAN US) 25c
    • Lilly (LLY US) 6:25am $1.35
    • Emerson Electric (EMR US) 6:55am 90c
    • Entercom Comms (ETM US) 8am28c
    • Expeditors (EXPD US) 8:30am79c
    • Federal Signal (FSS US) 8am 33c
    • First Majestic (FR CN) (4c)
    • Frank’s International (FI US) (10c)
    • Garrett Motion (GTX US) 93c
    • GCP Applied (GCP US) 6am 32c
    • Gray Television (GTN US) 6:45am63c
    • GreenSky (GSKY US) 7am 20c
    • Haemonetics (HAE US) 6am 55c
    • Hamilton Lane (HLNE US) 7am47c
    • Henry Schein (HSIC US) 6am$1.01
    • Heska (HSKA US) 7am 35c
    • Hospitality Properties (HPT US) 7am 8c
    • Ionis Pharma (IONS US) 7am(16c)
    • Ironwood (IRWD US) 7:55am(31c)
    • Jeld-Wen (JELD US) 6am 51c
    • Jones Lang (JLL US) 7:30am$2.32
    • Lexington Realty (LXP US) 6am13c
    • LGI Homes (LGIH US) 7am $1.48
    • Louisiana-Pacific (LPX US) 6:55am 67c
    • Malibu Boats (MBUU US) 7am 54c
    • Mallinckrodt (MNK US) 6am $1.79
    • Martin Marietta (MLM US) 6:36am$2.82
    • MFA Financial (MFA US) 8:30am17c
    • Multi-Color (LABL US) 8:30am$1.14
    • Myers Industries (MYE US) 7:30am 15c
    • National Health Investors (NHI US) 6am 96c
    • NIO Inc. (NIO US) (CNY2.36)
    • NorthStar Realty Europe (NRE US) 7am
    • Northwest Natural Holding (NWN US) 6am (37c)
    • Novanta (NOVT US) 7am 52c
    • Ormat (ORA US) 9:04am 42c
    • Glatfelter (GLT US) 6:45am 37c
    • PNM Resources (PNM US) 6:30am $1.04
    • PQ Group Holdings (PQG US) 6:15am 25c
    • Premier (PINC US) 6:55am 60c
    • Primoris Services (PRIM US) 6am59c
    • Ralph Lauren (RL US) 8am $2.15
    • Regeneron (REGN US) 6:30am$5.11
    • Ryman Hospitality (RHP US) 8:30am 44c
    • Sage Therapeutics (SAGE US) 6:30am ($2.43)
    • SendGrid (SEND US) 3c
    • Senior Housing Properties (SNH US) 7am 11c
    • ServiceMaster (SERV US) 7am77c
    • Shenandoah Telecom (SHEN US) 7am 11c
    • Southwest Gas (SWX US) 17c
    • Spark Therapeutics (ONCE US) 7:30am (91c)
    • Steris (STE US) $1.09
    • Summit Materials (SUM US) 6:15am 70c
    • Syneos Health (SYNH US) 6:09am 68c
    • Tabula Rasa (TRHC US) 25c
    • Thomson Reuters (TRI CN) 6:30am 3c
    • TopBuild (BLD US) 7am $1.22
    • TransDigm (TDG US) 7:15am$4.29
    • Unit Corp (UNT US) 8am 24c
    • Univar (UNVR US) 6am 42c
    • US Foods Holding (USFD US) 6:45am 50c
    • USA Compression Partners (USAC US) 6am (3c)
    • Vereit (VER US) 6am 1c
    • Veritiv (VRTV US) 8am $1.11
    • Westlake (WLK US) 6:30am $2.09
    • Westlake Chemical Partners (WLKP US) 6:30am 41c
  • POST-MKT
    • Acadia Pharma (ACAD US) 4:05pm (58c)
    • Accelerate Diagnostics (AXDX US) 4:01pm (41c)
    • Aerie (AERI US) 4:01pm ($1.38)
    • Alliant Energy (LNT US) 5pm 84c
    • American Public Education (APEI US) 4:01pm 31c
    • Ashland Global (ASH US) 5pm97c
    • Assurant (AIZ US) 4:15pm $1.07
    • Audentes Therapeutics (BOLD US) 4:01pm (86c)
    • Axon (AAXN US) 4:01pm 12c
    • B2Gold (BTO CN) 7:47pm 5c
    • Belmond (BEL US) 5pm 28c
    • BWX Technologies (BWXT US) 4:30pm 62c
    • Callon Petroleum (CPE US) 4:15pm 20c
    • Camping World (CWH US) 4:05pm 61c
    • Canadian Apartment (CAR-U CN) 5pm
    • Cara Therapeutics (CARA US) 4:01pm (49c)
    • CCL Industries (CCL/B CN) 5:30pm C$0.70
    • Century Communities (CCS US) 4:05pm 84c
    • Cimarex (XEC US) 4:05pm $1.60
    • Coherent (COHR US) 4:01pm$2.96
    • Community Healthcare Trust (CHCT US) 5pm
    • CrossAmerica Partners (CAPL US) 4:05pm 7c
    • Cymabay Therapeutics (CBAY US) 4:01pm (29c)
    • CytomX (CTMX US) 4:04pm (43c)
    • Darling Ingredients (DAR US) 4:05pm 9c
    • Delek Logistics Partners (DKL US) 5:15pm 96c
    • Delek US Holdings (DK US) 4:53pm $2.00
    • Devon (DVN US) 4:05pm 42c
    • DexCom (DXCM US) 4:01pm (9c)
    • Diamondback (FANG US) 4:01pm$1.60
    • Diodes (DIOD US) 4:05pm 63c
    • Diplomat Pharmacy (DPLO US) 4:15pm 22c
    • DXC Technology (DXC US) 4:15pm $1.94
    • Energen (EGN US) 91c
    • EnLink Midstream LLC (ENLC US) 5:03pm 11c
    • EnLink Midstream Partners (ENLK US) 5:03pm 11c
    • Enphase Energy (ENPH US) 4:05pm 3c
    • Etsy (ETSY US) 4:05pm 13c
    • Evolent (EVH US) 4:24pm (5c)
    • Five9 (FIVN US) 4:05pm 10c
    • Genomic Health (GHDX US) 4:05pm 7c
    • Genpact (G US) 4:01pm 45c
    • Geopark (GPRK US) 4:30pm 49c
    • Gibson Energy (GEI CN) 4:01pmC$0.23
    • Glu Mobile (GLUU US) 4:05pm 7c
    • GoDaddy (GDDY US) 4:05pm 19c
    • Granite REIT (GRT-U CN) 6:52pm
    • Hackett Group (HCKT US) 4:05pm27c
    • Halozyme (HALO US) 4:05pm(23c)
    • Iamgold (IMG CN) 5:05pm (1c)
    • Infinera (INFN US) 4:05pm (4c)
    • Innospec (IOSP US) 4:45pm $1.06
    • Inogen (INGN US) 4:05pm 52c
    • Inspire Medical Systems (INSP US) 4:04pm (35c)
    • Intact Financial (IFC CN) 5pmC$1.61
    • Iovance Biotherapeutics (IOVA US) 4:01pm (33c)
    • Jack Henry (JKHY US) 4:01pm93c
    • Jamieson Wellness (JWEL CN) 4pm C$0.25
    • Jazz Pharma (JAZZ US) 4:05pm$3.30
    • KAR Auction (KAR US) 4:15pm70c
    • Keyera (KEY CN) 4:01pm C$0.39
    • Kratos (KTOS US) 4pm 3c
    • LendingClub (LC US) 4:01pm 2c
    • Masonite (DOOR US) 4:15pm$1.08
    • Match Group (MTCH US) 4:30pm35c
    • MBIA (MBI US) 4:15pm (28c)
    • Medifast (MED US) 4:05pm $1.14
    • Mindbody (MB US) 4:05pm (7c)
    • Morneau Shepell (MSI CN) 4pmC$0.14
    • Myriad Genetics (MYGN US) 4:05pm 31c
    • Neenah (NP US) 4:35pm $1.10
    • New Relic (NEWR US) 4:05pm12c
    • NFI Group Inc (NFI CN) 5:22pm59c
    • Northland Power (NPI CN) 5:56pmC$0.20
    • Northview Apartment REIT (NVU-U CN) 5pm
    • Osisko Gold Royalties (OR CN) 5:28pm C$0.02
    • Pan American Silver (PAAS CN) 5:10pm 5c
    • Papa John’s (PZZA US) 4:15pm22c
    • Par Pacific (PARR US) 4:15pm19c
    • Parex Resources (PXT CN) 5:21pm
    • Phibro Animal (PAHC US) 4:15pm42c
    • Pioneer Natural (PXD US) 4:03pm$1.66
    • Plains All American (PAA US) 4:05pm 37c
    • Plains GP (PAGP US) 4:05pm 33c
    • Planet Fitness (PLNT US) 4:05pm24c
    • Plantronics (PLT US) 4:01pm 72c
    • Playa Hotels (PLYA US) 4:02pm(5c)
    • Primerica (PRI US) 4:15pm $1.86
    • Primo Water (PRMW US) 4:05pm22c
    • ProAssurance (PRA US) 5pm 41c
    • ProPetro Holding (PUMP US) 4:15pm 54c
    • Prospect Capital (PSEC US) 4:04pm 21c
    • Q2 Holdings (QTWO US) 4:30pm1c
    • Quidel (QDEL US) 4:10pm 48c
    • Rapid7 (RPD US) 4:05pm (13c)
    • Renewable Energy (REGI US) 4:05pm 52c
    • RLJ Lodging (RLJ US) 4:30pm21c
    • ScanSource (SCSC US) 4pm 86c
    • Select Energy Services (WTTR US) 4:30pm 27c
    • Semafo (SMF CN) 5pm break-even
    • ShawCor (SCL CN) 4:40pmC$0.10
    • Sientra (SIEN US) 4:01pm (67c)
    • Spin Master (TOY CN) 5pm $1.14
    • Summit Industrial (SMU-U CN) 5:01pm
    • Supernus (SUPN US) 5pm 43c
    • Tableau (DATA US) 4:01pm (11c)
    • Tahoe Resources (THO CN) 4:05pm (7c)
    • TCG BDC (CGBD US) 4:04pm40c
    • Theravance Bio (TBPH US) 4:02pm ($1.15)
    • Third Point Re (TPRE US) 4:03pm(25c)
    • TPG Specialty Lending (TSLX US) 4:03pm 49c
    • TrueCar (TRUE US) 4:03pm 5c
    • Twilio (TWLO US) 4:15pm 2c
    • Two Harbors (TWO US) 4:15pm47c
    • Versum Materials (VSM US) 57c
    • Victory Capital Holdings (VCTR US) 42c
    • Vivint Solar (VSLR US) 4:01pm(24c)
    • Wendy’s (WEN US) 4:05pm 15c
    • WPT Industrial REIT (WIR/U CN) 5:19pm

GOVERNMENT: 

  • Government Agenda

ECONOMIC DATA (All times ET): 

  • Nov. 6-Nov. 9: Mortgage Delinquencies, prior 4.36%
  • Nov. 6-Nov. 9: MBA Mortgage Foreclosures, prior 1.05%
  • 10am: JOLTS Job Openings, est. 7,085, prior 7,136

CENTRAL BANKS (All times ET): 

  • Nothing major scheduled

CORPORATE EVENTS: 

  • Annual meetings: ADP US, ATGE US, COTY US, LRCX US, NWSA US, SAIL US, STRA US
  • Extraordinary Shareholders Meeting: ENF CN
  • Other Events: BLKB US, FHN US, KRC US, MRCY US, NAVG US, NOV US
  • Sales Results: FAST US

OTHER EUROPEAN NEWS SINCE THE U.S. CLOSE: 

  • German Factory Orders Unexpectedly Rise as Domestic Demand Gains
  • Rosneft Uses Record Cash Flow to Pay Off Debt in Volatile Market
  • Tria Says Italy Still Has Disagreements With the Commission
  • Brexit Endgame Lifts Pound’s Volatility as Euro Stays Subdued
  • France Flexible on Date of Digital Tax Implementation: Le Maire
  • Pandora Falls Anew as Bracelet Maker’s CEO Suite Remains Vacant
  • Euro-Area Companies Feeling Bleak on Trade and Political Tension

EUROPEAN ECO DATA (All times ET): 

  • 2am: (GE) Sept. Factory Orders WDA YoY, actual -2.2%, est. -2.8%, prior -2.1%, revised -1.8%
  • 2am: (GE) Sept. Factory Orders MoM, actual 0.3%, est. -0.5%, prior 2.0%, revised 2.5%
  • 3:15am: (SP) Oct. Markit Spain Services PMI, actual 54, est. 51.8, prior 52.5
  • 3:15am: (SP) Oct. Markit Spain Composite PMI, actual 53.7, est. 52.2, prior 52.5
  • 3:45am: (IT) Oct. Markit/ADACI Italy Services PMI, actual 49.2, est. 52, prior 53.3
  • 3:45am: (IT) Oct. Markit/ADACI Italy Composite PMI, actual 49.3, est. 51, prior 52.4
  • 3:50am: (FR) Oct. Markit France Services PMI, actual 55.3, est. 55.6, prior 55.6
  • 3:50am: (FR) Oct. Markit France Composite PMI, actual 54.1, est. 54.3, prior 54.3
  • 3:55am: (GE) Oct. Markit Germany Services PMI, actual 54.7, est. 53.6, prior 53.6
  • 3:55am: (GE) Oct. Markit/BME Germany Composite PMI, actual 53.4, est. 52.7, prior 52.7
  • 4am: (EC) Oct. Markit Eurozone Services PMI, actual 53.7, est. 53.3, prior 53.3
  • 4am: (EC) Oct. Markit Eurozone Composite PMI, actual 53.1, est. 52.7, prior 52.7

WHAT HAPPENED IN EUROPEAN MARKETS: 

  • STOXX Europe 600 down 0.1% to 363.10
  • German 10Y yield fell 0.2 bps to 0.424%
  • Euro up 0.07% to $1.1415
  • Brent Futures down 0.3% to $72.93/bbl
  • Italian 10Y yield rose 0.5 bps to 2.956%
  • Spanish 10Y yield rose 1.2 bps to 1.578%

OTHER ASIA NEWS SINCE THE U.S. CLOSE: 

  • PBOC Adviser: Capital Outflow Pressure Smaller Than 2 Years Ago
  • Goldman Names Binnion, Wang as Asia ex-Japan ECM Co-heads: Memo
  • Camera Maker Mulls Taking a Note From Taylor Swift on Trade War
  • Malaysia Probes More Deals by Ex-Goldman Partner Leissner
  • Ayala CEO Says Philippines Emerging as Refuge From Trade War

ASIAN ECO DATA (All times ET): 

  • Nothing major scheduled

WHAT HAPPENED IN ASIAN MARKETS: 

  • MXAP up 0.8% to 152.88
  • MXAPJ up 0.5% to 487.96
  • Nikkei up 1.1% to 22,147.75
  • Topix up 1.2% to 1,659.35
  • Hang Seng Index up 0.7% to 26,120.96
  • Shanghai Composite down 0.2% to 2,659.36
  • Sensex up 0.2% to 35,025.03
  • Australia S&P/ASX 200 up 1% to 5,875.18
  • Kospi up 0.6% to 2,089.62
(Bloomberg) — Nickel and zinc advance after a senior Chinese official flagged Beijing’s readiness to discuss a trade solution with the U.S. Goldman Sachs Group Inc. says metals may move higher on positive news about the dispute.
Chinese Vice President Wang Qishan tells Bloomberg New Economy Forum in Singapore that the government is ready to have discussions to find a solution for the trade spat. U.S. congressional elections take place Tuesday, with the result likely interpreted as a referendum on President Donald Trump’s policies.
Drivers
Vice President Wang also warned that China wouldn’t again be “bullied and oppressed by imperialist powers,” underscoring fears by business and political leaders on hand that rising nationalism in both countries would be harder to manage.
In the U.S. midterms , Democrats are expected to take control of the House of Representatives but fall short in the Senate.
Goldman says aluminum market is “ too relaxed ” about supply risks and, while demand has been weaker than expected, the market is clearly in deficit.
Bloomberg Dollar Spot Index flat after -0.1% Monday; yuan holds Monday’s decline
Prices
LME zinc steady at 8:35am in London after earlier +1.3%; nickel +0.6%
Copper -0.3%, aluminum little changed
Market commentary
Metals prices will be driven higher if further positive news on trade dispute improves market sentiment, Goldman says in note. Mood in Chinese metals markets is improving “on the margin” in light of latest easing measures from China; economists expect more infrastructure investment in 2019 to offset weakness in consumption and exports
-R.W.N II, yours in 322.

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