Night Trading
- Asian equity indices are -2.5% to -1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 78.5 +2.0 basis points.
- China Sovereign CDS 48.25 +2.0 basis points.
- China Iron Ore Spot 107.35 USD/Metric Tonne +.04%.
- Crude Oil 99.20/bbl. +2.9%
- Gold 4,853.0 USD/t oz. -.9%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.71 -.1%.
- Bloomberg Emerging Markets Currency Index 35.37 -.1%.
- Bloomberg Global Risk-On/Risk Off Index 100.7 -1.1%
- US 10-Year Yield 4.28% +1.0 basis point.
- Japan 30-Year Yield 3.52% +2.0 basis points.
- Volatility Index(VIX) futures 24.9 +1.0%.
- Euro Stoxx 50 futures -1.6%.
- S&P 500 futures -.13%.
- NASDAQ 100 futures -.16%.
BOTTOM LINE: Asian indices are lower, weighed down by financial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is Market Neutral heading into the day.
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