Night Trading
- Asian equity indices are +.50% to +2.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 76.0 -2.0 basis points
- China Sovereign CDS 37.75 -1.0 basis point.
- China Iron Ore Spot 89.5 USD/Metric Tonne -.02%.
- Crude Oil 101.10/bbl. +1.2%.
- Gold 4,071.2 USD/t oz. -.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.04 -.03%.
- Bloomberg Emerging Markets Currency Index 33.37 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 128.2 +.8%.
- US 10-Year Yield 5.0% unch.
- Japan 30-Year Yield 3.87% +1.0 basis point.
- Volatility Index(VIX) futures 19.1 +.5%.
- Euro Stoxx 50 futures -.18%.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.07%.
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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