Night Trading
- Asian equity indices are +.5% to +3.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.25 -1.5 basis points.
- China Sovereign CDS 35.0 -1.0 basis point.
- China Iron Ore Spot 92.70 USD/Metric Tonne -.06%.
- Crude Oil 86.0/bbl. -.9%.
- Gold 4,133.0 USD/t oz. +.5%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.14 -.02%.
- Bloomberg Emerging Markets Currency Index 33.22 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 119.0 +1.0%.
- US 10-Year Yield 4.87% -1.0 basis point
- Japan 30-Year Yield 3.85% +1.0 basis point.
- Volatility Index(VIX) futures 19.5 -.2%.
- Euro Stoxx 50 futures +.68%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures -.05%.
BOTTOM LINE: Asian indices are higher, boosted by technology and transport 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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