- ProShares Ultra Bloomberg Natural Gas suffered relatively more than others yesterday after 13.7% dip As things stand, United States Natural Gas Fund LP (down 7.22%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- FTSE is up by 0.26%, hitting 7,885.17.
A refresher of where yesterday ended before today starts: leading equity indices in the US declined as Nasdaq lost 1.68% and ended the session at 11,900. After dropping 1.11%, S&P 500 closed at 4,118.
US markets are now currently closed and set to reopen today; meanwhile, upbeat European markets ended yesterday higher as FTSE added 0.26% to trade at 7,885.17.
3Rd quarter earnings season is mostly over, with Western Union Co and The Carlyle Group Inc. releasing their earnings reports just this week.
Market's down-tick coincides with some negative macro data published earlier as Crude Oil Inventories in United States fell short of market expectations (2.46 million) with a reading of 2.42 million, continuing the decline from the previous figure of 4.14 million.
Amid the market gloom, United States 10-Year Note Auction released yesterday at 18:01 UTC with a figure of 3.613, while the previous figure was 3.575. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 1 million, while the previous figure was 2.31 million.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Initial Jobless Claims projected to come out at 190,000 — worse than previous data of 183,000; data will be released today at 13:30 UTC.
Yesterday's bearishness meant that ProShares Ultra Bloomberg Natural Gas lost 13.7% yesterday before closing at $5.86. United States Natural Gas Fund LP (down 7.22%), 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 93 cents (-13.7%) lower at $5.86
A tough session dominated by bearish sentiment left BOIL 93 cents lower, while setting a $5.65 to $6.61 session range.