Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.5 unch.
- China Sovereign CDS 43.25 unch.
- China Iron Ore Spot 103.7 USD/Metric Tonne -.7%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.92 +.14%.
- Bloomberg Emerging Markets Currency Index 36.16 +.03%.
- Bloomberg Global Risk-On/Risk Off Index 97.7 -.4%.
- US 10-Year Yield 4.16% -1.0 basis point.
- Japan 30-Year Yield 3.45% +2.0 basis points.
- Volatility Index(VIX) futures 16.9 -.2%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.07%.
- NASDAQ 100 futures -.01%.
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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