Night Trading
- Asian equity indices are -1.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.0 +.5 basis point.
- China Sovereign CDS 44.5 -.25 basis point.
- China Iron Ore Spot 101.0 USD/Metric Tonne +1.0%.
- Gold 5,149.4 USD/t oz. +1.4%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.85 +.08%.
- Bloomberg Emerging Markets Currency Index 35.70 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 99.43 -1.7%.
- US 10-Year Yield 4.13% unch.
- Japan 30-Year Yield 3.40% +1.0 basis point.
- Volatility Index(VIX) futures 22.3 -.8%.
- Euro Stoxx 50 futures +.57%.
- S&P 500 futures +.06%.
- NASDAQ 100 futures +.04%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and transport shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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