Markets are down midway through the trading session

Published: January 25 2023, 19:00 GMT+0

Markets are down midway through the trading session

  • Oatly moves 7.53% halfway through the session As things stand, Bright Health (down 5.28%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
  • European markets show no gains or losses.

The trading session is well on its way, the leading indices are currently lower — Nasdaq drawing back 0.68% to 11,257. S&P 500 slipping 0.38% and closing at 4,001.65.

European markets are sideways. Asia-Pacific markets are in session with varied performances.

Market's down-tick coincides with some negative macro data published earlier as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

Meanwhile, United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%.

Some optimism can drawn from the fact that United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released Friday.

Furthermore, United States Core PCE Price Index (MoM) (Dec) will be released Friday.

Oatly is trading at $2.23, moves 7.53%. As things stand, Bright Health (down 5.28%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.

Current trading volume stands at 8.24 million; 119% slightly greater than the 21-day average of 6.91 million.

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