Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.25 +.5 basis point.
- China Sovereign CDS 40.0 +.25 basis point.
- China Iron Ore Spot 105.2 USD/Metric Tonne -.08%.
- Crude Oil 87.93/bbl. -1.1%
- Gold 4,545.5 USD/t oz. +.3%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.60 +.05%.
- Bloomberg Emerging Markets Currency Index 35.33 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 123.9 +.%.
- US 10-Year Yield 4.44% -1.0 basis point.
- Japan 30-Year Yield 3.95% -3.0 basis points.
- Volatility Index(VIX) futures 18.0 +.1%.
- Euro Stoxx 50 futures -.18%.
- S&P 500 futures -.06%.
- NASDAQ 100 futures -.20%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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