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April 07, 2023
- Top laggard ProShares Ultra Bloomberg Natural Gas gave up 40 cents, or 11.66% yesterday United States Natural Gas Fund LP (down 5.6%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- Asia-Pacific markets are in session with varied performances.
Trading is currently halted for Good Friday but will continue Monday. Leading equity indices in the US rose as Nasdaq gained 0.76% and closed at 12,100. S&P 500 closed the day at 4,105, having gained 0.36%.
US traders are set to return to their desks Monday. Meanwhile, elsewhere in equities, Asia-Pacific markets are currently mixed so far this session. Upbeat European markets ended yesterday higher as FTSE ascends by 1.03%, reaching 7,741.56.
On a negative note, the market received some disappointing news as United States Initial Jobless Claims fell short of the 200,000 projections, with new data of 228,000. United States Crude Oil Inventories fell short of the -2.33 million projections, with new data of -3.74 million.
Today's rise takes place amid mixed market indicators — United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5.
Also worthy of note, United States Non Farm Payrolls projected to come out at 239,000 — worse than previous data of 311,000; data will be released today at 12:30 UTC.
Furthermore, the market is looking at United States Unemployment Rate is expected today at 12:30 UTC.
Yesterday's bullishness contained stragglers as ProShares Ultra Bloomberg Natural Gas closed at $3.03 having dropped 11.66%. United States Natural Gas Fund LP (down 5.6%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
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.
ProShares Ultra Bloomberg Natural Gas | -11.66% at $3.03
A tough session dominated by bearish sentiment left BOIL 40 cents lower, while setting a $2.96 to $3.42 session range.
