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April 12, 2023
- United States Natural Gas Fund LP drops 5.59% as session draws to a close As things stand, KraneShares CSI China Internet ETF (down 4.42%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets are up as FTSE is up by 0.5%, hitting 7,825.
As the session draws to an end the leading indices are falling — Nasdaq slipping 0.47% and closing at 11,975. S&P 500 drawing back 0.13% to 4,103.46.
European markets are trending positively as FTSE ascends to 7,825 (up 0.5%). Asia-Pacific session in progress; markets are rising as ASX 200 improves by 0.47%, reaching 7,344.
Markets are trading lower today despite some positive data published earlier as United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000.
Meanwhile, United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 5%, while a consensus of analysts was expecting 5.2%.
Looking ahead, ongoing depreciation may be prolonged as as things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of -0.1%. New data is set to be published Friday. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.
Some optimism can drawn from the fact that United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC.
United States Natural Gas Fund LP is trading at $6.67, drops 5.59%. As things stand, KraneShares CSI China Internet ETF (down 4.42%), 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 | Broadly flat at $25.35; session high: $25.35 session low: $25.34
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.
KraneShares CSI China Internet ETF | –4.42%; session high: $29.63 session low: $28.63
While on an 8 day downtrend, dropping a total of 9.72%, More of the same today: as the current session draws to a close, KraneShares CSI China Internet ETF remains in the $28.63 – $29.63 range after dropping 4.42%.
