Night Trading
- Asian equity indices are -1.0% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 113.25 +1.0 basis point.
- China Sovereign CDS 71.75 +1.75 basis points.
- China Iron Ore Spot 119.0 USD/Metric Tonne +.9%.
- Bloomberg Emerging Markets Currency Index 39.2 unch.
- Bloomberg Global Risk-On/Risk Off Index 69.0 +1.3%.
- Volatility Index(VIX) futures 16.1 +3.2%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.62%.
- NASDAQ 100 futures -1.14%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.
No comments:
Post a Comment