Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 95.5 unch.
- China Sovereign CDS 59.5 unch.
- China Iron Ore Spot 92.2 USD/Metric Tonne +1.3%
- Bloomberg Emerging Markets Currency Index 39.0 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 51.0 +2.0%.
- Volatility Index(VIX) futures 20.0 +1.4%.
- Euro Stoxx 50 futures -.21%.
- S&P 500 futures -.15%.
- NASDAQ 100 futures -.43%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology 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.
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