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June 20, 2023
- Direxion Daily FTSE China Bull 3X Shares plunges 12% halfway through the session As things stand, KraneShares CSI China Internet ETF (down 4.95%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets have struggled to gain ground and are now trading lower midway through the session.
With the trading session well underway, the leading indices were losing ground — Dow Jones slipping 0.98% and closing at 33,964. S&P 500 trades at 4,373.68 after losing 0.81%.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are in session with varied performances.
The earnings season is coming to an end and FedEx Corp & Centrais Elétricas Brasileiras S.A. – Eletrobrás have release their reports.
Meanwhile, United States Building Permits (May) came out at 1.49 million, while a consensus of analysts was expecting 1.43 million. Data for United States Housing Starts published today at 12:30 UTC came out at 21.7%, beating projections of -0.8% and showing improvement over the preceding figure of -2.9%. United States Housing Starts (May) released today at 12:30 UTC with a figure of 1.63 million, while the previous figure was 1.34 million.
Looking ahead, ongoing depreciation may be prolonged as Thursday data for United States Crude Oil Inventories will be released, with an expected decline to 1.87 million from the preceding figure of 7.92 million.
Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released Thursday.
Furthermore, United States Existing Home Sales (May) is expected Thursday.
Direxion Daily FTSE China Bull 3X Shares is trading at $36.95, plunges 12%. As things stand, KraneShares CSI China Internet ETF (down 4.95%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Currently steady around $25.35
It's been more of the same this session on the back of a month of flat trade, Today's session so far looks to be heading in a similar way — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF trades at $25.35, after ending yesterday at $25.36.
