Muted US markets lead to tough European session

  • Yesterday's star of the day UroGen Pharma appreciates 23.3% while outperforming its peers
  • Signature Bank suffered relatively more than others yesterday after 15.79% dip
  • European markets have struggled to gain ground and are now trading lower midway through the session.

Yesterday's market activity meant that markets did not have a clear cut direction — Dow Jones lost 0.14% and ended the session at 34,052. Nasdaq closed at 12,200 after a flat day.

US markets are now currently closed and set to reopen today; meanwhile, European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets ended a mixed session today whilst ASX 200 is down by 0.92%, descends to 7,267.4

US markets were mixed as rising bond yields sparked inflation fears. The iShares U.S. Treasury Bond ETF declined 0.88% to trade at $23.18.

3Rd quarter earnings season is mostly over, with T. Rowe Price Group Inc and Western Union Co releasing their earnings reports just this week.

Ambiguous macro data is influencing the market as United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States ISM Manufacturing Prices (Apr) came out at 53.2, while a consensus of analysts was expecting 49. United States ISM Manufacturing Employment (Apr) came out at 50.2, while a consensus of analysts was expecting 47.9.

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate figure is projected at 5.25. It previously stood at five; data will be released tomorrow at 18:00 UTC. United States Initial Jobless Claims projected to come out at 240,000 — worse than previous data of 230,000; data will be released Thursday.

While markets were generally sideways yesterday, these assets pulled ahead as UroGen Pharma up 23.3% trading at $14.29. Playtika is doing well and gains 3.5%.

Despite lacklustre price action, some assets lagged behind their peers as Signature Bank lost 15.79% yesterday before closing at 7.84 cents.

Signature Bank | Closed yesterday's session at 7.84 cents

  • The full-service commercial bank is now trading 99.93% below its 3-month high of $263.35.

Signature Bank lost 1.47 cents and now trades below the 9 cents level for the first time in 5 weeks. So far this year, it has been doing worse than the Nasdaq by 114.85%. Signature Bank is currently trading with a market cap of $4.94 million with an average daily trading volume of 7 million shares. Signature Bank has a forecast of $629 million with an EPS of $3.94.

Daily trading volume (1.83 million shares) was higher than the current multiday average of 261,514.

UroGen Pharma is scheduled to announce earnings results Tuesday. The consensus EPS estimate is -1.33 and the consensus revenue estimate is $17.18 million.

#latest-stock-news

Bullish sentiment arrives following recent earnings figures among stocks

Bullish sentiment arrives following recent earnings figures among stocks

Constellation Brands Inc, McCormick & Company Inc, Acuity Brands, Inc. and other stocks published their quarterly earnings, check out this rundown of reports and ...
05 July, 2023
Boeing maintains composure within $210.25 to $212.17 range

Boeing maintains composure within $210.25 to $212.17 range

Investors are currently sidelined due to the July 4th holiday but will return to their desks today. Looking back over the previous session Monday: ...
05 July, 2023
DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

Investors are currently sidelined due to the July 4th holiday but will return to their desks today. Looking back over the previous session Monday: ...
05 July, 2023

مزایای تجارت با ما

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

حداقل واریز 10 دلار

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

پشتیبانی صمیمی، حرفه ای و شبانه روزی

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

محیط معاملاتی قابل اعتماد

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

اهرم معاملاتی انعطاف پذیر تا 1:1000

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

بالاترین امنیت وجوه

DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

گزینه های مختلف سپرده و برداشت

سوال دارید؟ به مرکز راهنمایی DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend ما مراجعه کنید

سوال دارید؟ به مرکز راهنمایی DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend ما مراجعه کنید

تیم ما متعهد است که به بهترین شیوه ممکن به شما کمک کند. اگر به کمک نیاز داشتید حتماً با ما تماس بگیرید.