Night Trading
- Asian equity indices are -.25% to +2.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 69.25 -.25 basis point.
- China Sovereign CDS 33.75 -.25 basis point.
- China Iron Ore Spot 90.50 USD/Metric Tonne +.09%.
- Crude Oil 88.50/bbl. -.3%.
- Gold 3,891.0 USD/t oz. +.2%.
- Swiss Franc/Offshore Chinese Renminbi Cross 7.98 -.07%.
- Bloomberg Emerging Markets Currency Index 33.0 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 126.0 +.5%.
- US 10-Year Yield 5.12% unch.
- Japan 30-Year Yield 3.98% +3.0 basis points.
- Volatility Index(VIX) futures 18.8 -.9%.
- Euro Stoxx 50 futures -.41%.
- S&P 500 futures +.24%.
- NASDAQ 100 futures +.32%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and shipping shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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