Monday, December 09, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +1.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.25 -.5 basis point.
  • China Sovereign CDS 62.25 -.25 basis point.
  • China Iron Ore Spot 107.2 USD/Metric Tonne +1.8%
  • Bloomberg Emerging Markets Currency Index 37.6 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 66.8 +1.0%.
  • Volatility Index(VIX) futures 16.3 -.2%.
  • Euro Stoxx 50 futures -.34%
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.03%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology 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 50% net long heading into the day.

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