Night Trading
- Asian equity indices are +.25 to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.75 -1.0 basis point.
- China Sovereign CDS 33.0 -.5 basis point.
- China Iron Ore Spot 97.50 USD/Metric Tonne +1.2%.
- Crude Oil 101.4/bbl. -.5%.
- Gold 4,386.3 USD/t oz. -.28%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.12 -.12%.
- Bloomberg Emerging Markets Currency Index 34.0 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 131.1 -.2%.
- US 10-Year Yield 4.94% +1.0 basis point.
- Japan 30-Year Yield 4.04% -4.0 basis points.
- Volatility Index(VIX) futures 18.0 +.2%.
- Euro Stoxx 50 futures -.47%.
- S&P 500 futures -.05%.
- NASDAQ 100 futures -.17%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and biotech shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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