Night Trading
- Asian equity indices are unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.5 -.5 basis point.
- China Sovereign CDS 43.25 -.25 basis point.
- China Iron Ore Spot 104.2 USD/Metric Tonne -.6%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.89 +.15%.
- Bloomberg Emerging Markets Currency Index 36.09 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 97.9 -.7%.
- US 10-Year Yield 4.16% -1.0 basis point.
- Japan 30-Year Yield 3.42% -2.0 basis points.
- Volatility Index(VIX) futures 17.0 +.6%.
- Euro Stoxx 50 futures +.09%.
- S&P 500 futures +.04%.
- NASDAQ 100 futures +.09%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and commodity 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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