Night Trading
- Asian equity indices are +.5% to +2.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 70.5 -1.0 basis point.
- China Sovereign CDS 37.75 unch.
- China Iron Ore Spot 98.50 USD/Metric Tonne -1.1%.
- Crude Oil 83.0/bbl. -.3%
- Gold 4,034.20 USD/t oz. +.45%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.35 -.07%.
- Bloomberg Emerging Markets Currency Index 34.55 unch.
- Bloomberg Global Risk-On/Risk Off Index 123.9 +1.0%.
- US 10-Year Yield 4.59% unch.
- Japan 30-Year Yield 3.90% +3.0 basis points
- Volatility Index(VIX) futures 19.0 +.2%.
- Euro Stoxx 50 futures -.50%.
- S&P 500 futures +.15%.
- NASDAQ 100 futures +.37%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and energy 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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