Night Trading
- Asian equity indices are +.5% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 66.0 -.75 basis point.
- China Sovereign CDS 34.75 -.5 basis point.
- China Iron Ore Spot 99.3 USD/Metric Tonne +.1%.
- Crude Oil 91.81/bbl. +.6%
- Gold 4,523.60 USD/t oz. -.35%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.31 +.05%.
- Bloomberg Emerging Markets Currency Index 34.26 -.08%.
- Bloomberg Global Risk-On/Risk Off Index 128.9 -.3%.
- US 10-Year Yield 4.77% unch.
- Japan 30-Year Yield 4.02% -5.0 basis points.
- Volatility Index(VIX) futures 18.1 -.3%.
- Euro Stoxx 50 futures -.03%.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.06%.
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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