Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 75.0 +2.75 basis points.
- China Sovereign CDS 50.25 +2.5 basis points.
- China Iron Ore Spot 102.5 USD/Metric Tonne +.2%
- Bloomberg Emerging Markets Currency Index 37.4 -.08%.
- Bloomberg Global Risk-On/Risk Off Index 71.9 +1.1%.
- Volatility Index(VIX) futures 22.3 -1.7%.
- Euro Stoxx 50 futures +.19%
- S&P 500 futures +.56%.
- NASDAQ 100 futures +.71%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech and real estate shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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