Wednesday, September 04, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 95.5 +.25 basis point.
  • China Sovereign CDS 59.5 -1.0 basis point.
  • China Iron Ore Spot 92.0 USD/Metric Tonne -.6%
  • Bloomberg Emerging Markets Currency Index 38.9 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 50.1 +1.2%.
  • Volatility Index(VIX) futures 20.3 -1.3%.
  • Euro Stoxx 50 futures +.04%.
  • S&P 500 futures +.08%.
  • NASDAQ 100 futures +.17%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted 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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