Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 127.0 -.75 basis point.
- China Sovereign CDS 83.0 +.25 basis point.
- China Iron Ore Spot 112.8 USD/Metric Tonne +.27%.
- Bloomberg Emerging Markets Currency Index 41.30 -.02%
- Bloomberg Global Risk-On/Risk Off Index 72.1 +2.1%.
- Bloomberg US Financial Conditions Index .15 +2.0 basis points.
- Volatility Index(VIX) futures 17.2 -1.1%.
- Euro Stoxx 50 futures +.24%.
- S&P 500 futures +.20%.
- NASDAQ 100 futures +.22%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology 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 75% net long heading into the day.
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