Tuesday, November 05, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 72.75 -2.25 basis points.
  • China Sovereign CDS 65.0 -1.5 basis points.
  • China Iron Ore Spot 104.0 USD/Metric Tonne -1.3%
  • Bloomberg Emerging Markets Currency Index 38.1 -.22%.
  • Bloomberg Global Risk-On/Risk Off Index 64.9 +1.9%.
  • Volatility Index(VIX) futures 17.5 -2.5%.
  • Euro Stoxx 50 futures +.25%.
  • S&P 500 futures +.49%.
  • NASDAQ 100 futures +.25%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 75% net long heading into the day.

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