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

Published: January 26 2023, 02:00 GMT+0

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

  • Oatly was the biggest decliner yesterday after giving up 8.3% Bright Health had a negative day yesterday (down 6.38%).
  • Asia-Pacific markets are currently mixed so far this session.

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

US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific markets are in session with varied performances.

This limbo state is reflected by market data published 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. 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 expected 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%).

Trading volume totalled 664,434 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%.

Oatly hit a significant low of $1.33 around a month ago, but has since recovered 81.2%. So far this year, it has been beating the Nasdaq by 11.73%. The Swedish food company's market cap currently stands at $1.31 billion with an average daily volume of 6.91 million shares. Oatly is forecasted to generate revenues of $212.1 million and EPS of -11 cents.

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