Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.075 -.25 basis point.
- China Sovereign CDS 35.0 +.25 basis point.
- China Iron Ore Spot 100.4 USD/Metric Tonne -.7%.
- Crude Oil 9.62/bbl. +1.7%
- Gold 4,390.20 USD/t oz. -1.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.29 -.05%.
- Bloomberg Emerging Markets Currency Index 34.29 unch.
- Bloomberg Global Risk-On/Risk Off Index 130.0 +.4%.
- US 10-Year Yield 4.79% +1.0 basis point.
- Japan 30-Year Yield 3.98% +1.0 basis point.
- Volatility Index(VIX) futures 18.5 +.5%.
- Euro Stoxx 50 futures -.48%.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.01%.
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 weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.
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