Wednesday, July 09, 2025

Thursday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average. 
  • Asia Ex-Japan Investment Grade CDS Index 72.75 -.25 basis point.
  • China Sovereign CDS 46.5 -.5 basis point.
  • China Iron Ore Spot 97.1 USD/Metric Tonne +1.1%. 
  • Polymarket:  Which Countries Will the US Agree to Tariff Agreements with Before August?
  • EU 77.0% +1.0 percentage point.
  • India 77.0% -1.0 percentage point.
  • Japan 44.0% -14.0 percentage points. 
  • South Korea  49.0% +2.0 percentage points.
  • Swiss Franc/Offshore Chinese Renminbi Cross 9.05 +.12%.
  • Bloomberg Emerging Markets Currency Index 37.0 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 76.0 -.2%.
  • US 10-Year Yield 4.33% unch.
  • Volatility Index(VIX) futures 19.4 +.7%.  
  • Euro Stoxx 50 futures +.20%. 
  • S&P 500 futures -.24%. 
  • NASDAQ 100 futures -.27%.
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial 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 100% net long heading into the day.

No comments: