Night Trading
- Asian equity indices are -1.0% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 139.75 -4.0 basis points.
- China Sovereign CDS 79.75 +.75 basis point.
- China Iron Ore Spot 121.4 USD/Metric Tonne +.9%.
- Bloomberg Emerging Markets Currency Index 47.6 +.08%.
- Bloomberg Global Risk-On/Risk Off Index 48.0 -1.7%.
- Bloomberg US Financial Conditions Index -.28 +4.0 basis points.
- Volatility Index(VIX) futures 23.5 -.21%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.12%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
No comments:
Post a Comment