Night Trading
- Asian equity indices are +.5% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 103.5 -3.25 basis points.
- China Sovereign CDS 70.0 -1.0 basis point.
- China Iron Ore Spot 106.9 USD/Metric Tonne +.93%.
- Bloomberg Emerging Markets Currency Index 39.8 +.03%.
- Bloomberg Global Risk-On/Risk Off Index 70.5 +1.1%.
- Volatility Index(VIX) futures 14.5 -.8%.
- Euro Stoxx 50 futures +.90%
- S&P 500 futures +.26%.
- NASDAQ 100 futures +.46%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 100% net long heading into the day.
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