Night Trading
- Asian equity indices are -1.25% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.75 unch.
- China Sovereign CDS 34.75 -.25 basis point.
- China Iron Ore Spot 99.2 USD/Metric Tonne -.3%.
- Crude Oil 96.54/bbl. +.5%
- Gold 4,446.20 USD/t oz. -.33%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.28 -.02%.
- Bloomberg Emerging Markets Currency Index 34.29 unch.
- Bloomberg Global Risk-On/Risk Off Index 130.1 +.3%.
- US 10-Year Yield 4.84% unch.
- Japan 30-Year Yield 4.0% +4.0 basis points.
- Volatility Index(VIX) futures 18.6 -.4%.
- Euro Stoxx 50 futures +.05%.
- S&P 500 futures +.11%.
- NASDAQ 100 futures -.01%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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