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June 07, 2023- Vanguard Mortgage-Backed Securities ETF tumbles 0.66% by midday Vanguard Total International Bond ETF (down 0.482%) has also underperformed today.
- European markets are flat.
With the trading session well underway, markets are mixed with Nasdaq trades at 13,151 after losing 0.94%. S&P 500 trades at 4,273.49 after losing 0.24%.
European markets are sideways. Asia-Pacific markets are dropping as Nikkei falls to 31,900 (down 1.82%).
3Rd quarter earnings season is mostly over, with Aurora Cannabis Inc. & GameStop Corp. releasing their earnings reports just this week.
Ambiguous macro data is influencing the market as highly important Crude Oil Inventories data from United States beat analyst expectations of 1 million with a reading of -451,000. 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.
Moreover, as things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 235,000, following on from the preceding figure of 232,000. New data is set to be published 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 $45.74, tumbles 0.66%. Vanguard Total International Bond ETF (down 0.482%) has also underperformed 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.
