OVERNIGHT MARKETS AND NEWS

December E-mini S&Ps (ESZ15 +0.12%) are up +0.07% at a 3-week high and European stocks are up +0.21% at a 3-1/4 month high after Eurozone Nov economic confidence remained at a 4-1/2 year high and on speculation the ECB will boost stimulus when it meets next Thursday. Optimism over Black Friday retail sales is giving U.S. equities a boost after Adobe Systems reported a surge in e-commerce sales on Thanksgiving day with an expected $1.7 billion expected to be spent online, a +22% increase from last year. U.S. and European stocks shook off early losses when China’s Shanghai Composite plunged -5.48% to a 3-week low on concern over China’s economy after industrial profits fell last month for a fifth month. Asian stocks settled mostly lower: Japan -0.30%, Hong Kong -1.87%, China -5.48%, Taiwan -1.02%, Australia -0.16%, Singapore -0.89%, South Korea-0.14%, India +0.65%.

The dollar index (DXY00 +0.28%) is up +0.28%. EUR/USD (^EURUSD) is down -0.24%. USD/JPY (^USDJPY) is up +0.02%.

Dec T-note prices (ZNZ15 +0.17%) are up +6 ticks at a 3-week high on carryover support from a rally in German bunds to a 4-week high.

China Oct industrial profits fell -4.6% y/y, the fifth consecutive month that profits have declined. China industrial profits from Jan-Oct are down -2.0% y/y.

Eurozone Nov economic confidence was unch from Oct at 106.1, which was revised upward from 105.9 and the highest in 4-1/2 years.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) the extent of Black Friday shopping activity.

None of the Russell 3000 companies report earnings today.

U.S. IPO’s scheduled to price today: none.

Equity conferences today: none.

OVERNIGHT U.S. STOCK MOVERS

Amazon.com (AMZN +0.62%) rose 0.5% in pre-market trading after Adobe Systems reported a surge in e-commerce sales on Thanksgiving day with an expected $1.7 billion expected to be spent online, a +22% y/y increase.