Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 67.0 unch.
- China Sovereign CDS 35.25 unch.
- China Iron Ore Spot 98.10 USD/Metric Tonne +.8%.
- Crude Oil 90.62/bbl. -.43%
- Gold 4,434.30 USD/t oz. +.48%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.26 -.05%.
- Bloomberg Emerging Markets Currency Index 34.23 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 129.6 -.4%.
- US 10-Year Yield 4.78% unch.
- Japan 30-Year Yield 4.08% -9.0 basis points.
- Volatility Index(VIX) futures 18.5 +.4%.
- Euro Stoxx 50 futures -.03%.
- S&P 500 futures -.05%.
- NASDAQ 100 futures -.12%.
BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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