- Peloton leader Ferrari gains 2.24%; currently at $220.04
- Lethargic open sees ironSource dips 3.18%
- European markets are trending positively as FTSE improves to 7,592.37 (up 1.07%).
The trading session has started and markets are mixed with Nasdaq up to 11,028, gaining 0.4%. Dow Jones drawing back 0.1% to 33,818.
European session in progress; markets are rising as FTSE improves by 1.07%, reaching 7,592.37. Asia-Pacific markets are trending positively as KOSPI Composite Index soars by 1.61%, reaching 2,472.53.
Ambiguous macro data is influencing the market as data for United States GDP published today at 13:30 UTC came out at 2.9, beating projections of 2.7 and showing improvement over the preceding figure of 2.6. United States ADP Nonfarm Employment Change (Nov) released today at 13:15 UTC with a figure of 127,000, while the previous figure was 239,000. Highly important Consumer Confidence data from United States beat analyst expectations of 100 with a reading of 100.2.
Moreover, United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released today at 15:00 UTC. United States Core PCE Price Index (MoM) (Oct) is scheduled for tomorrow at 13:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.76 million. It previously stood at -3.69 million; data will be released today at 15:30 UTC.
While markets are generally sideways so far today, these stocks are pulling ahead as Ferrari up 2.24% trading at $220.04. FIS is doing well and gains 1.36%.
Despite lacklustre price action, some stocks are lagging behind their peers as ironSource is trading at $2.74, dips 3.18%.
Today's session seems to be pointing upwards and is building on Fidelity National Information Services's 8 days of gains (+$6.47).
Current trading volume stands at 12 million; 138% higher than the 21-day average of 8.70 million.