Traders hope for improved performances today following yesterday's low volatility

Published: January 26 2023, 07:00 GMT+0

Traders hope for improved performances today following yesterday's low volatility

  • Oatly was the biggest decliner after giving up 8.3% yesterday Bright Health had a negative day yesterday (down 6.38%).

Ahead of today's session: markets did not have a clear cut direction β€” Nasdaq closed at 11,300, a 0.18% change. S&P 500 closed 4,016.22 after a stable day.

US markets are set to open today in around 7 hours. In the meantime, Asia-Pacific markets ended a mixed session today whilst KOSPI Composite Index added 1.65% to trade at 2,468.65.

This limbo state is reflected by market data published as United States Crude Oil Inventories fell short of the 971,000 projections, with new data of 533,000. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories came out at 4.27 million.

Data to be released today might clear up some of the market fog as United States Core Durable Goods Orders projected to come out at -0.2% β€” worse than previous data of 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) will be released tomorrow at 13:30 UTC.

While markets were generally sideways yesterday, these assets pulled ahead as Outbrain up 3.95% trading at $five.

Despite lacklustre price action, some assets lagged behind their peers as Oatly lost 8.3% yesterday before closing at $2.21. Bright Health had a negative day yesterday (down 6.38%).

Daily trading volume (10.47 million shares) was above the current multiday average of 6.91 million.

Outbrain has been pretty quiet for the last 18 days, trading mostly flat and moving by only 8.0556 cents on average. Yesterday's trading volume was 158,979 shares which is slightly under the 21-day average of 191,566.

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