Tuesday, April 09, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 103.0 -.75 basis point.
  • China Sovereign CDS 68.75 -2.0 basis points.
  • China Iron Ore Spot 108.1 USD/Metric Tonne +.5%.
  • Bloomberg Emerging Markets Currency Index 39.8 +.02%
  • Bloomberg Global Risk-On/Risk Off Index 68.7 +1.6%.
  • Volatility Index(VIX) futures 15.8 -.5%.
  • Euro Stoxx 50 futures +.42%
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.10%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the day.

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