Night Trading
- Asian equity indices are unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.5 -.25 basis point.
- China Sovereign CDS 44.0 -.25 basis point.
- China Iron Ore Spot 104.7 USD/Metric Tonne -.22%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.85 +.04%.
- Bloomberg Emerging Markets Currency Index 36.06 -.07%.
- Bloomberg Global Risk-On/Risk Off Index 93.5 +.3%.
- US 10-Year Yield 4.13% +1.0 basis point.
- Japan 30-Year Yield 3.40% +1.0 basis point.
- Volatility Index(VIX) futures 18.2 -.2%.
- Euro Stoxx 50 futures -.31%.
- S&P 500 futures -.01%.
- NASDAQ 100 futures -.01%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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