Night Trading
- Asian equity indices are unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 73.5 +1.0 basis point.
- China Sovereign CDS 63.75 -.25 basis point.
- China Iron Ore Spot 99.4 USD/Metric Tonne -.01%
- Bloomberg Emerging Markets Currency Index 37.7 -.%.
- Bloomberg Global Risk-On/Risk Off Index 67.7 +1.1%.
- Volatility Index(VIX) futures 16.1 +1.3%.
- Euro Stoxx 50 futures -.02%
- S&P 500 futures -.05%.
- NASDAQ 100 futures -.05%.
BOTTOM LINE: Asian indices are modestly higher, boosted by commodity 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 50% net long heading into the day.
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