Night Trading
- Asian equity indices are +.5% to +3.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 74.5 -1.75 basis points.
- China Sovereign CDS 44.75 -.25 basis point.
- China Iron Ore Spot 104.2 USD/Metric Tonne +.5%.
- Crude Oil 83.68/bbl. +.3%
- Gold 5,208.8 USD/t oz. -.7%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.83 -.1%.
- Bloomberg Emerging Markets Currency Index 35.84 unch.
- Bloomberg Global Risk-On/Risk Off Index 97.6 +.3%.
- US 10-Year Yield 4.14% -1.0 basis points.
- Japan 30-Year Yield 3.45% +1.0 basis point.
- Volatility Index(VIX) futures 23.54 -1.6%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures +.43%.
- NASDAQ 100 futures +.43%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and transport shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the day.
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