Night Trading
- Asian equity indices are -1.25% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 99.75 -.75 basis point.
- China Sovereign CDS 68.25 +2.25 basis points.
- China Iron Ore Spot 101.6 USD/Metric Tonne -1.6%.
- Bloomberg Emerging Markets Currency Index 39.9 -.12%.
- Bloomberg Global Risk-On/Risk Off Index 70.0 +1.4%.
- Volatility Index(VIX) futures 15.4 -.4%.
- Euro Stoxx 50 futures -.06%
- S&P 500 futures unch.
- NASDAQ 100 futures -.04%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
No comments:
Post a Comment