Night Trading
- Asian equity indices are -1.75% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.0 +.25 basis point.
- China Sovereign CDS 37.25 unch.
- China Iron Ore Spot 98.80 USD/Metric Tonne +1.2%.
- Crude Oil 67.61/bbl. -1.4%
- Gold 4,065.20 USD/t oz. -.43%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.40 +.04%.
- Bloomberg Emerging Markets Currency Index 34.69 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 122.5 -.8%.
- US 10-Year Yield 4.48% unch.
- Japan 30-Year Yield 4.0% +2.0 basis points.
- Volatility Index(VIX) futures 19.1 -.25%.
- Euro Stoxx 50 futures -.03%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.34%.
BOTTOM LINE: Asian indices are lower, weighed down by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.u
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