Night Trading
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 137.25 +1.5 basis points.
- China Sovereign CDS 80.0 +4.75 basis points.
- China Iron Ore Spot 129.9 USD/Metric Tonne -1.7%.
- Bloomberg Emerging Markets Currency Index 47.1 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 44.0 +.7%.
- Bloomberg US Financial Conditions Index -1.05 +7.0 basis points.
- Volatility Index(VIX) futures 25.2 -2.6%.
- Euro Stoxx 50 futures +2.0%.
- S&P 500 futures +.31%.
- NASDAQ 100 futures +.44%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
No comments:
Post a Comment