Night Trading
- Asian equity indices are +.75% to +1.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 74.75 -1.75 basis points.
- China Sovereign CDS 43.0 -2.0 basis points.
- China Iron Ore Spot 104.3 USD/Metric Tonne -.4%.
- Crude Oil 97.02/bbl. -2.1%
- Gold 4,794.6 USD/t oz. +.6%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.70 -.02%.
- Bloomberg Emerging Markets Currency Index 35.8 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 112.1 +.5%
- US 10-Year Yield 4.28% -1.0 basis point.
- Japan 30-Year Yield 3.67% -5.0 basis points.
- Volatility Index(VIX) futures 20.7 -.3%.
- Euro Stoxx 50 futures +.46%.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.13%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and consumer discretionary 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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