Wednesday, May 07, 2025

Thursday Watch

Night Trading 

  • Asian equity indices are -.5% to +.5% on average. 
  • Asia Ex-Japan Investment Grade CDS Index 92.75 -.5 basis point. 
  • China Sovereign CDS 58.5 -1.25 basis points.
  • China Iron Ore Spot 97.9 USD/Metric Tonne -.43%
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.77 -.03%.
  • Bloomberg Emerging Markets Currency Index 37.0 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 59.4 -.9%.
  • US 10-Year Yield 4.27% unch.
  • Volatility Index(VIX) futures 23.0 +.2%.
  • Euro Stoxx 50 futures +.38%. 
  • S&P 500 futures unch. 
  • NASDAQ 100 futures +.07%.
Morning Preview Links

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

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