Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.75 -.75 basis point.
- China Sovereign CDS 33.5 -1.25 basis points.
- China Iron Ore Spot 96.0 USD/Metric Tonne +.21%.
- Crude Oil 102.24/bbl. -.2%.
- Gold 4,332.3 USD/t oz. -1.2%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.13 -.02%.
- Bloomberg Emerging Markets Currency Index 34.0 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 130.8 -.5%.
- US 10-Year Yield 5.0% -3.0 basis points.
- Japan 30-Year Yield 4.10% -2.0 basis points.
- Volatility Index(VIX) futures 18.6 -.9%.
- Euro Stoxx 50 futures +.38%.
- S&P 500 futures +.51%.
- NASDAQ 100 futures +.60%.
BOTTOM LINE: Asian indices are mostly higher, boosted by transportation and financial 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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