Night Trading
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.5 +5.0 basis points
- China Sovereign CDS 52.75 +4.0 basis points.
- China Iron Ore Spot 106.70 USD/Metric Tonne -.6%.
- Crude Oil 93.24/bbl. -1.3%
- Gold 4,560.0 USD/t oz. +1.2%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.70 -.02%.
- Bloomberg Emerging Markets Currency Index 35.32 -.07%.
- Bloomberg Global Risk-On/Risk Off Index 101.0 -.8%
- US 10-Year Yield 4.41% unch.
- Japan 30-Year Yield 3.58% +5.0 basis points.
- Volatility Index(VIX) futures 25.6 -2.5%.
- Euro Stoxx 50 futures +.29%.
- S&P 500 futures +.35%.
- NASDAQ 100 futures +.32%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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