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June 13, 2023
- Top laggard Direxion Daily Semiconductor Bear 3x Shares gave up $1.1, or 9.58% yesterday United States Oil Fund LP (down 4.27%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- European session in progress; markets are rising as DAX added 0.93% to trade at 16,100.
An update of where yesterday closed ahead of the next session: markets had an interesting day yesterday; Nasdaq gained 1.53% and closed at 13,462. S&P 500 closed the day at 4,339, having gained 0.93%.
US markets are currently closed but will resume today in around 6 hours time. European markets are up as DAX moves up by 0.93%, reaching 16,100. Asia-Pacific markets closed higher today whilst Nikkei surges by 1.8%, reaching 33,019.
Adobe & Coca-Cola Europacific Partners PLC due to release their earnings reports within the following week.
Today's rise takes place amid mixed market indicators — United States Federal Budget Balance (May) came out at -240 billion, while a consensus of analysts was expecting -236 billion. United States 10-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.791, while the previous figure was 3.448. United States 3-Year Note Auction released yesterday at 15:30 UTC with a figure of 4.202, while the previous figure was 3.695.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to -0.1% from the preceding figure of 0.2%. Projections for United States Retail Sales are set for a continuation of decline with -0.1% while previous data was 0.4%; data will be released Thursday.
Yesterday's bullishness contained stragglers as Direxion Daily Semiconductor Bear 3x Shares closed at $10.38 having dropped 9.58%. United States Oil Fund LP (down 4.27%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
Following a month of flat trade, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
Direxion Daily Semiconductor Bear 3x Shares has been dropping for 6 days, losing 82 cents, with yesterday's session maintaining the downtrend.
