Night Trading
- Asian equity indices are +1.0% to +2.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.5 -2.0 basis points.
- China Sovereign CDS 44.75 -1.75 basis points.
- China Iron Ore Spot 100.2 USD/Metric Tonne +1.4%.
- Gold 5,192.0 USD/t oz. +1.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.84 -.13%.
- Bloomberg Emerging Markets Currency Index 35.84 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 99.0 +1.3%.
- US 10-Year Yield 4.11% +1.0 basis point.
- Japan 30-Year Yield 3.41% +3.0 basis points.
- Volatility Index(VIX) futures 21.5 +.8%.
- Euro Stoxx 50 futures -.03%.
- S&P 500 futures -.16%.
- NASDAQ 100 futures -.15%.
BOTTOM LINE: Asian indices are higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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