- Top laggard MSCI giving up $7.97, or 1.69%, so far this session Elanco Animal Health is having a negative session so far (down 0.268%).
- European markets have struggled to gain ground and are now trading lower midway through the session.
A new trading session is underway and markets are up as Nasdaq up to 11,900, gaining 0.78%. Dow Jones up to 33,600, gaining 0.24%.
European markets are dropping as CAC is down by 0.94%, slides down to 7,461 Asia-Pacific markets are currently lower as trading gets underway.
The US yield curve struggled to maintain its balance as bond yields rose across the board. The yield on one month debt rose to 4.11% as investors sold out of US government bonds.
Logitech International S.A. and Ceragon Networks Ltd. due to release their earnings reports within the following week.
Uptick coincides with some positive signs published earlier as highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.2% with a reading of 0.3%.
On a negative note, the market received some disappointing news as highly important Consumer Confidence data from United States beat analyst expectations of 104 with a reading of 101.3.
Today's rise takes place amid mixed market indicators — United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000.
Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.49 million. It previously stood at -4.58 million; data will be released today at 14:30 UTC.
Furthermore, the market is looking at tomorrow at 14:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 0.5% from the preceding figure of 0.8%. United States GDP projected to decline to two while previous data was 2.6; data will be released tomorrow at 12:30 UTC.
While indices are generally bullish today, some individual assets stood out as Hudson Pacific Properties, Inc. trades at $5.25 having gained 1.13%.
Risk-on sentiment couldn't save MSCI from giving up $7.97, or 1.69%, so far this session – currently trading at $463.18. Elanco Animal Health is having a negative session so far (down 0.268%).
MSCI | Currently down 1.69% at $463.18
In the last 4 days, MSCI Inc has lost a total of 15.26% of its value. Similar trend today: MSCI is down to $463.18, after ending yesterday at $471.15. Overall, a 1.69% loss or $7.97 today. Also, the firm paid out a quarterly dividend of $1.38 per share on Tuesday, February 28th to all active shareholders as of Friday, February 17th. Eligible investors secured a quarterly dividend yield of 1.19% for this year.
Hudson Pacific Properties, Inc. | +1.13% to start today's session
Hudson Pacific Properties, Inc. is in the midst of a 5 day downtrend. Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $5.19, Hudson Pacific Properties, Inc. is up to $5.25, which makes for a move of 1.13%/5.88 cents today. The firm disclosed a quarterly dividend of 25 cents per share on Friday, March 10th and was paid on Thursday, March 30th — thereby generating a yield of 19.05% for all eligble shareholders.