Night Trading
- Asian equity indices are +.25% to +1.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 74.5 unch.
- China Sovereign CDS 37.25 -.25 basis point.
- China Iron Ore Spot 91.20 USD/Metric Tonne +.04%.
- Crude Oil 98.96/bbl. +.8%.
- Gold 4,127.0 USD/t oz. -.4%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.08 -.13%.
- Bloomberg Emerging Markets Currency Index 33.6 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 130.5 +.4%.
- US 10-Year Yield 5.12% +1.0 basis point.
- Japan 30-Year Yield 3.95 -1.0 basis point.
- Volatility Index(VIX) futures 18.4 -.8%.
- Euro Stoxx 50 futures +.36%.
- S&P 500 futures +.24%.
- NASDAQ 100 futures +.75%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and consumer discretionary 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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