Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 67.75 +.5 basis point.
- China Sovereign CDS 34.75 unch.
- China Iron Ore Spot 95.3 USD/Metric Tonne -.1%.
- Crude Oil 104.93/bbl. -.9%.
- Gold 4,329.8 USD/t oz. -.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.19 -.08%.
- Bloomberg Emerging Markets Currency Index 34.07 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 132.4 +.2%.
- US 10-Year Yield 5.0% unch.
- Japan 30-Year Yield 4.18% +2.0 basis points.
- Volatility Index(VIX) futures 18.5 -.4%.
- Euro Stoxx 50 futures +.19%.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.1%.
BOTTOM LINE: Asian indices are mostly higher, boosted by energy and consumer 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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