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February 22, 2023
- Midway through earnings season, Royal Bank Of Canada & Pure Storage, Inc. are in line to report next
- IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% lower as session gets underway;
- European markets have struggled to gain ground and are now trading lower midway through the session.
The trading session is underway and the leading indices are falling — S&P 500 drawing back 0.31% to 3,985. Nasdaq slipping 0.38% and closing at 11,448.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are currently lower as trading gets underway.
Keysight Technologies Inc and CoStar Group, Inc. have released their earnings reports with Royal Bank Of Canada & Pure Storage, Inc. are set to publish their respective reports as scheduled.
Amid the market gloom, United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million. United States 2-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.673, while the previous figure was 4.139. United States Existing Home Sales released earlier showed a marked improvement to -0.7% from the preceding data of -2.2%, but fell short of the 2% figure forecast by a consensus of market analysts.
Looking ahead, ongoing depreciation may be prolonged as projections for United States Crude Oil Inventories are set for a continuation of decline with 1.17 million while previous data was 16.28 million; data will be released tomorrow at 16:00 UTC. United States Initial Jobless Claims projected to come out at 200,000 — worse than previous data of 194,000; data will be released tomorrow at 13:30 UTC.
Furthermore, United States Core PCE Price Index (MoM) (Jan) will be released Friday.
While markets are generally down so far today, some assets outperformed such as United States Natural Gas Fund LP gained 6.1% to reach $7.65. Vanguard Mortgage-Backed Securities ETF (up 0.515%) is also performing well.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF is trading at $25.35, moves 0.04%.
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,
Looking back to Tuesday, November 29th, VMBS disclosed to the market its decision to pay a dividend of 10.9 cents per share for all shareholders on record up until Friday, December 2nd. With the payment made on Tuesday, December 6th, the decision means the fund's shareholders could obtain an annual dividend yield of 0.95% this year.
