Wednesday, June 07, 2023

Thursday Watch

Night Trading 

  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 118.25 +2.25 basis points. 
  • China Sovereign CDS 63.0 +1.75 basis points.
  • China Iron Ore Spot 109.3 USD/Metric Tonne +1.3%.
  • Bloomberg Emerging Markets Currency Index 45.2 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 61.8 +.6%. 
  • Bloomberg US Financial Conditions Index .10 -8.0 basis points.
  • Volatility Index(VIX) futures 17.6 +.6%.
  • Euro Stoxx 50 futures -.16%.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures +.02%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by tech 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 50% net long heading into the day.

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