Tuesday, December 10, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.0 -.25 basis point.
  • China Sovereign CDS 61.25 -1.0 basis point.
  • China Iron Ore Spot 105.0 USD/Metric Tonne -.4%
  • Bloomberg Emerging Markets Currency Index 37.t5 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 67.5 +.5%.
  • Volatility Index(VIX) futures 16.3 -.1%.
  • Euro Stoxx 50 futures -.20%
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.11%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and industrial 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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