Wednesday, June 12, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are +.5% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 95.75 -1.25 basis points.
  • China Sovereign CDS 64.25 -1.0 basis point.
  • China Iron Ore Spot 105.8 USD/Metric Tonne +1.1%.
  • Bloomberg Emerging Markets Currency Index 39.4 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 61.7 -.3%.
  • Volatility Index(VIX) futures 14.1 +.6%.
  • Euro Stoxx 50 futures -.12%.
  • S&P 500 futures +.20%.
  • NASDAQ 100 futures +.62%.  
Morning Preview Links

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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