- Schwab U.S. TIPS ETF was the biggest decliner after giving up 1.1% yesterday As things stand, Vanguard Short-Term Inflation-Protected Securities ETF (down 0.44%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- European markets ended a mixed session yesterday whilst FTSE moves up by 0.62%, reaching 7,188.63.
An update of where yesterday closed ahead of the next session: leading equity indices in the US declined as Nasdaq lost 1.73% and ended the session at 10,343. S&P 500 closed at 3,720, a 1.06% change.
Trading in the US will continue today in around 6 hours time, meanwhile European markets ended a mixed session yesterday whilst FTSE moves up to 7,188.63 (up 0.62%). A mixed session has ended in the Asia-Pacific markets today.
Markets are trading lower today despite some positive data published earlier as United States Initial Jobless Claims improved upon its previous reading of 218,000 with a new data release of 217,000.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Oct) released yesterday at 14:00 UTC with a figure of 54.4, while the previous figure was 56.7. United States Interest Rate came out at four, while a consensus of analysts was expecting four.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Non Farm Payrolls projected to decline to 200,000 while previous data was 263,000; data will be released today at 12:30 UTC. Projections for United States Unemployment Rate are set for a continuation of decline with 3.6 while previous data was 3.5; data will be released today at 12:30 UTC.
Yesterday's bearishness meant that Schwab U.S. TIPS ETF lost 1.1% yesterday before closing at $51.47. As things stand, Vanguard Short-Term Inflation-Protected Securities ETF (down 0.44%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed at $25.35 after a flat day yesterday, continuing its recent sideways trend
Pointing in a similar direction, yesterday's session was more of the same — iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF closed a flat day of trading at $25.35 yesterday after ending Wednesday at $25.36.
SCHP falls back to $51.47 after shedding 1.1% yesterday
Yesterday's session continued down the same path: a tough session dominated by bearish sentiment left SCHP 57 cents lower, while setting a $51.47 to $51.78 session range.