Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.75 unch.
- China Sovereign CDS 43.75 +.25 basis point.
- China Iron Ore Spot 100.75 USD/Metric Tonne -.42%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.88 -.03%.
- Bloomberg Emerging Markets Currency Index 36.45 -.09%.
- Bloomberg Global Risk-On/Risk Off Index 80.6 +.3%.
- US 10-Year Yield 4.32% -1.0 basis point.
- Volatility Index(VIX) futures 18.6 -.05%.
- Euro Stoxx 50 futures +.04%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures -.09%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and financial shares in the region. I expect US stocks to open mixed and weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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