Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.75 +.25 basis point.
- China Sovereign CDS 43.75 +.25 basis point.
- China Iron Ore Spot 104.75 USD/Metric Tonne -.34%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.81 -.16%.
- Bloomberg Emerging Markets Currency Index 36.13 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 97.5 -.2%.
- US 10-Year Yield 4.17% n/a.
- Japan 30-Year Yield 3.40% n/a.
- Volatility Index(VIX) futures 18.34 -1.1%.
- Euro Stoxx 50 futures -.53%.
- S&P 500 futures +.23%.
- NASDAQ 100 futures +.25%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.