Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 97.0 -2.5 basis points.
- China Sovereign CDS 64.0 -1.5 basis points.
- China Iron Ore Spot 119.8 USD/Metric Tonne +.6%.
- Bloomberg Emerging Markets Currency Index 40.3 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 72.3 +1.7%.
- Volatility Index(VIX) futures 14.8 -3.6%.
- Euro Stoxx 50 futures +.71%
- S&P 500 futures +.68%.
- NASDAQ 100 futures +1.41%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 75% net long heading into the day.
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