- ProShares Ultra Bloomberg Natural Gas suffered relatively more than others yesterday after 9.51% dip United States Natural Gas Fund LP (down 5.09%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
- Asia-Pacific markets are up as Nikkei added 0.31% to trade at 33,300.
Yesterday's market activity meant that markets completed a mixed session yesterday while Dow Jones slipped 0.22% and closed at 33,853. Nasdaq closed the day at 13,600, having gained 0.27%.
US markets are set to open today in around 10 hours. In the meantime, Asia-Pacific markets are trending positively as Nikkei is up by 0.31%, hitting 33,300. Upbeat European markets ended yesterday higher as CAC goes up by 0.98%, reaching 7,286.32.
The earnings season is coming to an end and MSC Industrial Direct Co., Inc. & Acuity Brands, Inc. have release their reports.
Ambiguous macro data is influencing the market as Crude Oil Inventories in United States fell short of market expectations (-1.76 million) with a reading of -9.60 million, continuing the decline from the previous figure of -3.83 million. United States New Home Sales (May) released Tuesday with a figure of 763,000, while the previous figure was 680,000. Highly important Consumer Confidence data from United States beat analyst expectations of 104 with a reading of 109.7.
Data to be released today might clear up some of the market fog as today at 12:30 UTC data for United States GDP will be released, with an expected decline to 1.4 from the preceding figure of 2.6. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 266,000 from the preceding figure of 264,000. United States Core PCE Price Index (MoM) (May) scheduled to come out tomorrow at 12:30 UTC.
With price action remaining lacklustre yesterday some assets finished the session lower as ProShares Ultra Bloomberg Natural Gas lost 9.51% yesterday before closing at $63. United States Natural Gas Fund LP (down 5.09%), 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.
ProShares Ultra Bloomberg Natural Gas | Closed $6.62 (-9.51%) lower at $63
ProShares Ultra Bloomberg Natural Gas has lost 14.92% over the last 3 days. Yesterday's session continued down the same path: ProShares Ultra Bloomberg Natural Gas slid into the red after losing $6.62 and ending the session at $63.