US markets closed sideways yesterday, Asia-Pacific markets are mixed as new session starts

Published: January 26 2023, 04:00 GMT+0

US markets closed sideways yesterday, Asia-Pacific markets are mixed as new session starts

  • Oatly was the biggest decliner after giving up 8.3% yesterday Bright Health had a negative day yesterday (down 6.38%).
  • Asia-Pacific markets are in session with varied performances.

Yesterday's market activity meant that markets did not have a clear cut direction β€” Nasdaq slipped 0.18% and closed at 11,300. S&P 500 closed at 4,016.22 after a flat day.

US markets are set to open today in around 10 hours. In the meantime, Asia-Pacific markets are currently mixed so far this session.

Ambiguous macro data is influencing the market as United States Crude Oil Inventories published yesterday at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure. 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. Fresh Cushing Crude Oil Inventories data from United States 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%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is scheduled for 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 higher than 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 below the 21-day average of 191,566.

Back