Night Trading
- Asian equity indices are unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.5 unch.
- China Sovereign CDS 43.75 +.5 basis point.
- China Iron Ore Spot 103.5 USD/Metric Tonne -.34%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.88 -.2%.
- Bloomberg Emerging Markets Currency Index 36.2 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 98.4 +.2%.
- US 10-Year Yield 4.14% +1.0 basis point.
- Japan 30-Year Yield 3.40% -2.0 basis points.
- Volatility Index(VIX) futures 16.8 -.6%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures unch.
- NASDAQ 100 futures +.05%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology 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 100% net long heading into the day.
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