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June 14, 2023
- Top laggard iShares MBS ETF gave up 46 cents, or 0.49% yesterday Vanguard Mortgage-Backed Securities ETF (down 0.434%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- DAX is up by 0.83%, hitting 16,231.
A reminder of where yesterday ended before the next session begins: leading equity indices in the US rose as S&P 500 gained 0.69% and closed at 4,369. Nasdaq ended the session at 13,573 after a 0.83% gain.
Trading in the US will continue today in around 7 hours time, meanwhile European markets closed higher yesterday whilst DAX added 0.83% to trade at 16,231. Asia-Pacific markets ended a mixed session today whilst Nikkei is up by 1.47%, hitting 33,500.
FedEx Corp & Adobe due to release their earnings reports within the following week.
Today's rise takes place amid mixed market indicators — United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 4%, while the previous figure was 4.9%. United States Core Consumer Prices came out at 0.4%.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released today at 14:30 UTC.
Furthermore, the market is looking at today at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to -0.1% from the preceding figure of 0.2%. As things stand, upcoming United States Retail Sales data is projected to fall short of market expectations with newly published data of -0.1%, following on from the preceding figure of 0.4%. New data is set to be published tomorrow at 12:30 UTC.
Yesterday's bullishness contained stragglers as iShares MBS ETF closed at $93.13 having dropped 0.49%. Vanguard Mortgage-Backed Securities ETF (down 0.434%), 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
Following a month of flat trade, 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.
