Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.75 -1.75 basis points.
- China Sovereign CDS 45.0 -1.75 basis points.
- China Iron Ore Spot 105.4 USD/Metric Tonne -.5%
- Bloomberg Emerging Markets Currency Index 37.3 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 73.0 +1.0%.
- Volatility Index(VIX) futures 18.1 -.2%.
- Euro Stoxx 50 futures -.75%.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.1%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.
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