Atlanta, GA 6/12/12 (StreetBeat) -- Stocks were mixed in Asian trade. The Nikkei was among the worst, if fell one percent, Shanghai was down 0.7% and the Hang Seng slipped 0.4%; but Australia rose a quarter percent. European indexes are mostly higher this morning, with the Footsie and Dax both up about a quarter percent. US stock futures are modestly higher as I write.
*The April reading of Japan’s Tertiary Industry Index is -0.3%, but it was expected to rise 0.3%.
*The April reading of UK Industrial Production was unchanged on the month, one tenth under the forecast.
*The weekly report on chain store sales from ICSC showed a week on week decline of 0.7% for the week ended June 9; the seventh weekly decline in the last nine weeks. The Johnson Redbook report on the same thing is due out at 7:55am CDT.
*The May reading of the NFIB Small Business Optimism Index is 94.4. down one tenth of a point from the fourteen month high set in April.
*The May reading of the Import Price Index is due out at 7:30am CDT, it is expected to be -1.0% on a month on month basis.
*The June reading of the IBD/TIPP Economic Optimism Index is due out at 9:00am CDT; it is expected to be 47.3, down from 48.5 the month before.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 5/15/42; the results of the operation will be announced just after 10:00am CDT.
*Fed Governor Tarullo is set to talk about shadow banking at 10:30am CDT in San Francisco.
*The Treasury plans to sell $32 billion 3 Year Notes today; the auction results will be announced just after noon CDT.
*The Treasury will announce at 1:00pm CDT the Monthly Budget Statement; it is expected to be a deficit of $125.0 billion, well above last May when the deficit was $57.6 billion.