Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 99.75 -.5 basis point.
- China Sovereign CDS 62.75 unch.
- China Iron Ore Spot 134.9 USD/Metric Tonne +.8%.
- Bloomberg Emerging Markets Currency Index 41.6 unch.
- Bloomberg Global Risk-On/Risk Off Index 60.8 +3.3%.
- Bloomberg US Financial Conditions Index .54 +3.0 basis points.
- Volatility Index(VIX) futures 15.6 +.01%.
- Euro Stoxx 50 futures +.18%.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.10%.
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology 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