Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 106.0 -3.0 basis points.
- China Sovereign CDS 59.25 -2.25 basis points.
- China Iron Ore Spot 115.5 USD/Metric Tonne +.6%.
- Bloomberg Emerging Markets Currency Index 43.4 -.1%.
- Bloomberg Global Risk-On/Risk Off Index 65.9 +.2%.
- Bloomberg US Financial Conditions Index .44 -5.0 basis points.
- Volatility Index(VIX) futures 15.30 -.3%.
- Euro Stoxx 50 futures -.29%.
- S&P 500 futures +.04%.
- NASDAQ 100 futures -.09%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial 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 75% net long heading into the day.
No comments:
Post a Comment