Night Trading
- Asian equity indices are -1.0% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 67.75 -.25 basis point.
- China Sovereign CDS 38.0 -.5 basis point.
- China Iron Ore Spot 97.8 USD/Metric Tonne -.5%.
- Crude Oil 73.98/bbl. -.12%
- Gold 4,174.0 USD/t oz. -.67%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.38 -.02%.
- Bloomberg Emerging Markets Currency Index 34.92 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 124.8 +.2%.
- US 10-Year Yield 4.50% -1.0 basis point.
- Japan 30-Year Yield 3.85% -2.0 basis points.
- Volatility Index(VIX) futures 18.6 +.8%.
- Euro Stoxx 50 futures -.38%.
- S&P 500 futures -.19%.
- NASDAQ 100 futures -.47%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology and consumer discretionary shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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