Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 67.0 unch.
- China Sovereign CDS 43.75 -.5 basis point.
- China Iron Ore Spot 95.4 USD/Metric Tonne -.4%.
- Gold 4,990.4 USD/t oz. -.4%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.93 -.16%.
- Bloomberg Emerging Markets Currency Index 36.2 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 101.2 +.3%.
- US 10-Year Yield 4.09% +1.0 basis point.
- Japan 30-Year Yield 3.38% -2.0 basis points.
- Volatility Index(VIX) futures 20.1 -.1%.
- Euro Stoxx 50 futures -.07%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.12%.
BOTTOM LINE: Asian indices are modestly higher, boosted by consumer and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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