Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 134.0 +4.0 basis points
- China Sovereign CDS 88.5 +.75 basis point.
- China Iron Ore Spot 115.2 USD/Metric Tonne -.2%.
- Bloomberg Emerging Markets Currency Index 41.3 +.03%
- Bloomberg Global Risk-On/Risk Off Index 73.0 +.8%.
- Bloomberg US Financial Conditions Index .00 -1.0 basis points.
- Volatility Index(VIX) futures 18.9 +.34%.
- Euro Stoxx 50 futures +.17%.
- S&P 500 futures -.10%.
- NASDAQ 100 futures -.12%.
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 rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
No comments:
Post a Comment