Thursday, December 12, 2024

Friday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.5 +.25 basis point.
  • China Sovereign CDS 61.25 unch.
  • China Iron Ore Spot 104.3 USD/Metric Tonne -1.7%
  • Bloomberg Emerging Markets Currency Index 37.4 -.07%.
  • Bloomberg Global Risk-On/Risk Off Index 68.8 +.5%.
  • Volatility Index(VIX) futures 16.2 -.6%.
  • Euro Stoxx 50 futures -.18%
  • S&P 500 futures +.10%.
  • NASDAQ 100 futures +.42%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and financial 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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