Night Trading
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 70.0 unch.
- China Sovereign CDS 35.5 +.5 basis point.
- China Iron Ore Spot 93.20 USD/Metric Tonne -.3%.
- Crude Oil 90.09/bbl. -.4%.
- Gold 4,190.50 USD/t oz. +.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.04 -.10%.
- Bloomberg Emerging Markets Currency Index 33.74 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 136.9 +.6%.
- US 10-Year Yield 5.29% +1.0 basis point.
- Japan 30-Year Yield 4.19% +4.0 basis points.
- Volatility Index(VIX) futures 17.8 -.4%.
- Euro Stoxx 50 futures -.59%.
- S&P 500 futures +.30%.
- NASDAQ 100 futures +.32%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by utility and financial 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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