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May 24, 2023
- Direxion Daily FTSE China Bull 3X Shares was the biggest decliner yesterday after giving up 8.81% IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
- European markets were down yesterday as CAC decreases to 7,378.71 (down 1.33%).
Yesterday's market activity meant that leading equity indices in the US declined as S&P 500 was down 1.12% before closing the session at 4,145.58. Nasdaq lost 1.26% and ended the session at 12,560.
US markets are set to open today in around 6 hours. In the meantime, European markets were down yesterday as CAC is down by 1.33%, reaching 7,378.71 Asia-Pacific markets were down today as ASX 200 is down by 0.63%, slips to 7,213.8
Advance Auto Parts Inc and Pure Storage, Inc. due to release their earnings reports within the following week.
While price action maintains a negative bias, United States New Home Sales (Apr) came out at 683,000, while a consensus of analysts was expecting 663,000. United States Services PMI released yesterday at 13:45 UTC with a figure of 55.1, while the previous figure was 53.6. Fresh Building Permits data from United States came out at 1.15 million.
Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories expected to decline to -920,000 while its preceding data was 5 million, data will be available today at 14:30 UTC. As things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of 0%, following on from the preceding figure of 0.2%. New data is set to be published Friday.
Moreover, United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released tomorrow at 14:00 UTC.
While markets are generally down so far today, some assets outperformed such as ETFMG Sit Ultra Short ETF gained 0.38% to reach $48.16.
Yesterday's bearishness meant that Direxion Daily FTSE China Bull 3X Shares lost 8.81% yesterday before closing at $36.53. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF had a negative day yesterday (down 0.039%).
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Ended yesterday's session at $25.35
With around a month of flat trade under its belt, Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to close at $25.35 yesterday.
ETFMG Sit Ultra Short ETF | Up 0.38% to $48.16 yesterday
ETFMG Sit Ultra Short ETF soars 0.38% to close at $48.16 yesterday.
