Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 101.5 -1.0 basis point.
- China Sovereign CDS 65.0 -.5 basis point.
- China Iron Ore Spot 128.9 USD/Metric Tonne -.19%.
- Bloomberg Emerging Markets Currency Index 40.3 -.2%.
- Bloomberg Global Risk-On/Risk Off Index 59.3 +.6%.
- Volatility Index(VIX) futures 15.1 -.6%.
- Euro Stoxx 50 futures +.21%
- S&P 500 futures -.11%.
- NASDAQ 100 futures -.17%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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