- Vanguard Tax-Exempt Bond ETF was the biggest decliner after giving up 0.79% yesterday IShares National Muni Bond ETF (down 0.724%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- European markets closed higher yesterday whilst FTSE ascends to 7,909.44 (up 0.38%).
Yesterday's trading session saw to it that markets did not have a clear cut direction — S&P 500 closed at 4,155 after a flat day. Dow Jones closed 33,977 after a stable day.
US markets are currently closed but will resume today in around 6 hours time. Upbeat European markets ended yesterday higher as FTSE added 0.38% to trade at 7,909.44.
STMicroelectronics N.V. & Credit Suisse Group AG due to release their earnings reports within the following week.
Ambiguous macro data is influencing the market as United States Building Permits (Mar) released yesterday at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. United States API Weekly Crude Oil Stock came out at -2.67 million, while a consensus of analysts was expecting -2.46 million. Data from United States concerning Housing Starts was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 7.3% to -0.8% this month.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories projected to decline to -1 million while previous data was 597,000; data will be released today at 14:30 UTC. United States Philadelphia Fed Manufacturing Index (Apr) scheduled to come out tomorrow at 12:30 UTC. United States Existing Home Sales (Mar) will be released tomorrow at 14:00 UTC.
With price action remaining lacklustre yesterday some assets finished the session lower as Vanguard Tax-Exempt Bond ETF lost 0.79% yesterday before closing at $50.31. IShares National Muni Bond ETF (down 0.724%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
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.
Vanguard Tax-Exempt Bond ETF | Closed down 0.79% at $50.31 yesterday
Vanguard Tax-Exempt Bond ETF has lost 1.47% over the last 5 days. Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left VTEB 40 cents lower, while setting a $50.27 to $50.47 session range.