Wednesday, November 06, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 70.5 -2.25 basis points.
  • China Sovereign CDS 63.25 -1.75 basis points.
  • China Iron Ore Spot 103.89 USD/Metric Tonne -.2%
  • Bloomberg Emerging Markets Currency Index 38.1 -.1%.
  • Bloomberg Global Risk-On/Risk Off Index 69.0 +1.2%.
  • Volatility Index(VIX) futures 16.3 +.1%.
  • Euro Stoxx 50 futures -.10%.
  • S&P 500 futures -.03%.
  • NASDAQ 100 futures -.03%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by energy and healthcare 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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