Thursday, February 29, 2024

Friday Watch

Night Trading 

  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 97.75 -.75 basis point.
  • China Sovereign CDS 65.25 -1.0 basis point.
  • China Iron Ore Spot 117.7 USD/Metric Tonne +1.0%.
  • Bloomberg Emerging Markets Currency Index 40.1 -.12%.
  • Bloomberg Global Risk-On/Risk Off Index 71.7 -.18%.
  • Volatility Index(VIX) futures 15.1 unch.
  • Euro Stoxx 50 futures +.39%
  • S&P 500 futures +.05%.
  • NASDAQ 100 futures +.09%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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