Night Trading
- Asian equity indices are -1.75% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.0 +1.5 basis points.
- China Sovereign CDS 40.5 +.5 basis point.
- China Iron Ore Spot 102.60 USD/Metric Tonne -1.0%.
- Crude Oil 95.20/bbl. -.9%
- Gold 4,488.0 USD/t oz. +.5%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.57 -.10%.
- Bloomberg Emerging Markets Currency Index 35.18 unch.
- Bloomberg Global Risk-On/Risk Off Index 124.2 -.5%.
- US 10-Year Yield 4.48% -2.0 basis points.
- Japan 30-Year Yield 3.87% unch.
- Volatility Index(VIX) futures 20.5 +.8%.
- Euro Stoxx 50 futures -.36%.
- S&P 500 futures -.36%.
- NASDAQ 100 futures -.55%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology and commodity shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.
No comments:
Post a Comment