Night Trading
- Asian equity indices are +.25% to +2.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 78.0 -1.5 basis points
- China Sovereign CDS 38.75 -.5 basis point.
- China Iron Ore Spot 89.55 USD/Metric Tonne -1.0%.
- Crude Oil 100.94/bbl. -.8%.
- Gold 4,028.2 USD/t oz. -.3%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.06 -.01%.
- Bloomberg Emerging Markets Currency Index 33.37 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 127.7 +.7%.
- US 10-Year Yield 4.99% unch.
- Japan 30-Year Yield 3.83 -1.0 basis point.
- Volatility Index(VIX) futures 19.1 -.4%.
- Euro Stoxx 50 futures -.20%.
- S&P 500 futures +.17%.
- NASDAQ 100 futures +.29%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial 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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