Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 92.0 -1.0 basis point.
- China Sovereign CDS 57.5 -.75 basis point.
- China Iron Ore Spot 101.4 USD/Metric Tonne -.3%
- Bloomberg Emerging Markets Currency Index 38.9 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 56.0 +.6%.
- Volatility Index(VIX) futures 15.8 -1.1%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.22%.
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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