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

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

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

  • Oatly suffered relatively more than others yesterday after 8.3% dip Bright Health had a negative day yesterday (down 6.38%).
  • Asia-Pacific markets are in session with varied performances.

Yesterday's trading session saw to it that markets did not have a clear cut direction β€” Nasdaq was down 0.18% before closing the session at 11,300. S&P 500 closed 4,016.22 after a stable day.

US markets are set to open today in around 14 hours. In the meantime, Asia-Pacific markets are currently mixed so far this session.

This limbo state is reflected by market data published as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading 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 released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Data to be released today might clear up some of the market fog as projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 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) scheduled to come out tomorrow at 13:30 UTC.

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

With price action remaining lacklustre yesterday some assets finished the session lower as Oatly lost 8.3% yesterday before closing at $2.21. Bright Health had a negative day yesterday (down 6.38%).

Trading volume totalled 664,294 which equates to around 38% of the stock's 21-day average yesterday.

Oatly | Closed 20 cents (-8.3%) lower at $2.21

  • Oatly hit a significant low of $1.33 around a month ago, but has since recovered 81.2%.

Having set a significant low of $1.33 a month ago, the Swedish food company is trading 81.2% higher. So far this year, it has performed better than the Nasdaq by 11.73%. Currently, the dairy alternative producer has a market capitalization of $1.31 billion with an average daily volume of 6.91 million shares. Oatly expected revenue of $212.1 million with an EPS of -11 cents.

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