Night Trading
- Asian equity indices are +.5% to +2.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 69.5 -.25 basis point.
- China Sovereign CDS 33.25 -.25 basis point.
- China Iron Ore Spot 97.0 USD/Metric Tonne unch.
- Crude Oil 96.19/bbl. +.43%.
- Gold 4,390.0 USD/t oz. +.16%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.15 +.03%.
- Bloomberg Emerging Markets Currency Index 34.02 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 132.9 +.1%.
- US 10-Year Yield 4.96% +1.0 basis point.
- Japan 30-Year Yield 4.08% n/a.
- Volatility Index(VIX) futures 17.9 -.5%.
- Euro Stoxx 50 futures +.35%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.36%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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