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June 01, 2023
- Top laggard ProShares UltraShort MSCI Japan gave up 76.23 cents, or 5.1% today IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day today (down 0.039%).
- DAX improves by 1.21%, reaching 15,854.
Ahead of tomorrow's session: markets closed higher today, as S&P 500 ended the session at 4,221 after a 0.99% gain. Nasdaq gained 1.28% and closed at 13,100.
US markets are now currently closed and set to reopen tomorrow; meanwhile, European markets closed higher today whilst DAX added 1.21% to trade at 15,854. Asia-Pacific markets ended a mixed session today whilst Nikkei added 0.84% to trade at 31,148.
3Rd quarter earnings season is mostly over, with Five Below, Inc. and Asana, Inc. releasing their earnings reports just this week.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat analyst expectations of -1.10 million and the previous reading of -12.46 million with new data of 4.49 million. Highly important Initial Jobless Claims data from United States beat analyst expectations of 235,000 with a reading of 232,000.
Today's rise takes place amid mixed market indicators — United States ISM Manufacturing PMI (May) came out at 46.9, while a consensus of analysts was expecting 47.
Furthermore, the market is looking at projections for United States Non Farm Payrolls are set for a continuation of decline with 180,000 while previous data was 253,000; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Average Hourly Earnings will be released, with an expected decline to 0.4% from the preceding figure of 0.5%. United States Unemployment Rate projected to come out at 3.5 — worse than previous data of 3.4; data will be released tomorrow at 12:30 UTC.
While most assets did well today, some did better than others as KraneShares CSI China Internet ETF trades at $26.19 having gained 4.97%.
Today's bullishness contained stragglers as noticeable risk-on sentiment wasn't enough to prevent ProShares UltraShort MSCI Japan giving up 76.23 cents, or 5.1%, before ending the session at $14.2. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day today (down 0.039%).
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
KraneShares CSI China Internet ETF | Up 4.97% to $26.19 today
After finishing yesterday at $24.95, KraneShares CSI China Internet ETF went up to $26.39 before paring its losses and closing at $26.19.
