Night Trading
- Asian equity indices are -1.25%. to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.75 +1.5 basis points.
- China Sovereign CDS 43.5 +1.25 basis points.
- China Iron Ore Spot 98.4 USD/Metric Tonne -1.2%.
- Gold 4,994.0 USD/t oz. +.93%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.98 +.06%.
- Bloomberg Emerging Markets Currency Index 36.26 -.08%.
- Bloomberg Global Risk-On/Risk Off Index 99.0 -1.7%.
- US 10-Year Yield 4.11% +1.0 basis point.
- Japan 30-Year Yield 3.45% +1.0 basis point.
- Volatility Index(VIX) futures 20.4 -1.0%.
- Euro Stoxx 50 futures +.32%.
- S&P 500 futures +.10%.
- NASDAQ 100 futures +.15%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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