Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 122.5 +4.5 basis points.
- China Sovereign CDS 72.25 +2.75 basis points.
- China Iron Ore Spot 116.3 USD/Metric Tonne +1.1%.
- Bloomberg Emerging Markets Currency Index 42.3 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 72.5 +1.7%.
- Bloomberg US Financial Conditions Index 44.0 -1.0 basis point.
- Volatility Index(VIX) futures 16.3 +.5%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures +-.01%.
- NASDAQ 100 futures -.05%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and metals/mining shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
No comments:
Post a Comment