Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.5 +.75 basis point.
- China Sovereign CDS 63.5 +.75 basis point.
- China Iron Ore Spot 98.1 USD/Metric Tonne -.2%
- Bloomberg Emerging Markets Currency Index 37.7 -.1%.
- Bloomberg Global Risk-On/Risk Off Index 69.8 +1.8%.
- Volatility Index(VIX) futures 15.7 +1.4%.
- Euro Stoxx 50 futures -.41%
- S&P 500 futures -.36%.
- NASDAQ 100 futures -.55%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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