Tuesday, June 11, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 97.0 +.5 basis point.
  • China Sovereign CDS 65.25 -.25 basis point.
  • China Iron Ore Spot 104.0 USD/Metric Tonne +.2%.
  • Bloomberg Emerging Markets Currency Index 39.3 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 63.6 +.6%.
  • Volatility Index(VIX) futures 14.3 +.4%.
  • Euro Stoxx 50 futures +.22%.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures +.07%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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