Thursday, April 27, 2023

Friday Watch

Night Trading 

  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 129.5 -2.0 basis points. 
  • China Sovereign CDS 72.5 -3.0 basis points.
  • China Iron Ore Spot 104.4 USD/Metric Tonne +.4%.
  • Bloomberg Emerging Markets Currency Index 47.6 unch.
  • Bloomberg Global Risk-On/Risk Off Index 58.7 +2.6%. 
  • Bloomberg US Financial Conditions Index .12 -4.0 basis points.
  • Volatility Index(VIX) futures 19.6 +.5%.
  • Euro Stoxx 50 futures +.37%.
  • S&P 500 futures -.14%.
  • NASDAQ 100 futures -.19%.  
Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and consumer 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.

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