Night Trading
- Asian equity indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.75 +.25 basis point.
- China Sovereign CDS 41.25 +.25 basis point.
- China Iron Ore Spot 100.5 USD/Metric Tonne +.7%.
- Polymarket: Which Countries Will the US Agree to Tariff Agreements with Before August?
- China 3.0% -17 .0 percentage points
- Canada 1.0% -12.0 percentage points.
- Mexico 90.0% +52.0 percentage points.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.86 -1.8%.
- Bloomberg Emerging Markets Currency Index 36.3 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 77.4 -2.1%.
- US 10-Year Yield 4.37% unch.
- Volatility Index(VIX) futures 18.2 +1.4%.
- Euro Stoxx 50 futures -.3%.
- S&P 500 futures -.23%.
- NASDAQ 100 futures -.33%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by real estate and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
No comments:
Post a Comment