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ETF Morning Call

ETF Morning Call: February 12, 2013
By Ndubisi Onuora | February 12, 2013

Related ETFs: XLP / IYK / SLV / GLD / FEZ / BNO / USO / VDC / VGK

Asia mixed on Bank of Japan stimulus expectation; Europe gains on Barclays cost cutting; U.S. futures signal flat opening before earnings.

International

Asia

  • Asian stock indexes were mixed. Talk of further economic stimulus helped support the Nikkei while an alleged North Korean nuclear test dampened the KOSPI.
  • The Nikkei soared 1.94 percent; S&P/ASX 200 slipped 0.01 percent; KOSPI fell 0.26 percent; Hang Seng and Shanghai Composite were closed for the Lunar New Year.

 

Europe

  • European stock indexes advanced following Barclays's rise. Expect gains in the Vanguard MSCI Europe ETF (NYSEArca: VGK) and in the SPDR Euro Stoxx 50 ETF (NYSEArca: FEZ).
  • U.K. CPI met expectations of a drop of 0.5 percent in January.

 

Domestic

  • U.S. stock futures were flat ahead of a handful of earnings including Coca-Cola. Eyes were also on the Federal Reserve.
  • The January Treasury budget is seen at a deficit of $2 billion.

 

Earnings

Coca-Cola

  • 4th-Quarter Earnings – Before Market
  • Estimated EPS = $0.44
  • ETF Movements

 

◦     Consumer Staples Select Sector SPDR (NYSEArca: XLP)

◦     Vanguard Consumer Staples ETF (NYSEArca: VDC)

◦     iShares Dow Jones U.S. Consumer Goods Index Fund (NYSEArca: IYK)

 

Commodities

All commodities news is as of 7:25 a.m. ET.

Gold Advanced and Silver Slipped

  • Gold rose 0.06 percent, or $0.90, to $1649.05. Expect small increases in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
  • Silver fell 0.13 percent, or $0.04, to $30.92. Look for drops in the iShares Silver Trust (NYSEArca: SLV).

 

WTI and Brent Oil Climbed

  • The March contract for WTI crude oil gained 0.28 percent, or $0.27, to $97.32 per barrel.
  • The March contract for Brent crude oil jumped 0.48 percent, or $0.57, to $118.74 per barrel.
  • Expect advances in the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).

 

Fund Flows

No data available yet

 

ETF Launches

No launches today

 

ETF Filings

No filings today

 

Economic Calendar

 

Domestic

  • Treasury Budget - 2:00 p.m. ET

 

Europe

  • Switzerland

 

◦     Consumer Price Index - 3:15 a.m. ET

  • U.K.

 

◦     CPI - 4:30 a.m. ET

◦     Producer Price Index - 4:30 a.m. ET

Asia/Pacific

  • Japan

 

◦     CGPI (PPI) - 6:50 p.m. ET

◦     Tertiary Index - 6:50 p.m. ET