Markets have no obvious direction as trading reaches middle of session

• Vanguard Mortgage-Backed Securities ETF crashes 0.59% by midday Vanguard Total International Bond ETF (down 0.452%) has also underperformed today.
• European markets have no obvious direction.

The trading session is well on its way, markets are mixed with Nasdaq trades at 13,200 after losing 0.6%. S&P 500 drawing back 0.18% to 4,276.

European markets are flat. Asia-Pacific markets are dropping as Nikkei is down by 1.82%, falls to 31,900

Aurora Cannabis Inc. and GameStop Corp. have released their earnings reports with Oracle and HEXO Corp. are set to publish their respective reports as scheduled.

Ambiguous macro data is influencing the market as Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million. United States ISM Non-Manufacturing PMI (May) came out at 50.3, while a consensus of analysts was expecting 52.2. United States Services PMI released Monday with a figure of 54.9, while the previous figure was 53.6.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as projections for United States Initial Jobless Claims are set for a continuation of decline with 235,000 while previous data was 232,000; data will be released tomorrow at 12:30 UTC.

Despite lacklustre price action, some assets are lagging behind their peers as Vanguard Mortgage-Backed Securities ETF is trading at $45.78, crashes 0.59%. Vanguard Total International Bond ETF (down 0.452%) has also underperformed today.

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.