Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 118.75 -5.0 basis points.
- China Sovereign CDS 69.0 -5.0 basis points.
- China Iron Ore Spot 131.0 USD/Metric Tonne +.76%.
- Bloomberg Emerging Markets Currency Index 47.6 +.08%.
- Bloomberg Global Risk-On/Risk Off Index 60.6 +.2%.
- Bloomberg US Financial Conditions Index .23 +5.0 basis points.
- Volatility Index(VIX) futures 21.9 -1.3%.
- Euro Stoxx 50 futures +.40%.
- S&P 500 futures +.46%.
- NASDAQ 100 futures +.89%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech and industrial 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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