- Lethargic open sees ETFMG Sit Ultra Short ETF drops 0.19% IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF is having a negative session so far (down 0.039%).
- European markets are showing gains.
The trading session has started and markets don't have a clear cut direction — Nasdaq trades sideways at 11,547. S&P 500 up to 3,992, gaining 0.14%.
European equity markets are currently seeing a boost in risk-on sentiment. Asia-Pacific markets are in session with varied performances.
Thor Industries, Inc. & Tremor International Ltd have released their earnings reports; Five Below, Inc. & ZTO Express (Cayman) Inc. will publish their respective reports in due course.
This limbo state is reflected by market data published as United States JOLTs Job Openings (Jan) came out at 10.82 million, while a consensus of analysts was expecting 10.5 million. United States ADP Nonfarm Employment Change (Feb) released today at 13:15 UTC with a figure of 242,000, while the previous figure was 119,000. United States Trade Balance (Jan) released today at 13:30 UTC with a figure of -68.3 billion, while the previous figure was -67.2 billion.
Furthermore, the market is looking at United States Crude Oil Inventories projected to come out at 395,000 — worse than previous data of 1.17 million; data will be released today at 15:30 UTC. Friday data for United States Non Farm Payrolls will be released, with an expected decline to 203,000 from the preceding figure of 517,000. Projections for United States Initial Jobless Claims are set for a continuation of decline with 195,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.
While markets are generally sideways so far today, these assets are pulling ahead as Vanguard Total International Bond ETF up 0.29% trading at $47.84.
Despite lacklustre price action, some assets are lagging behind their peers as ETFMG Sit Ultra Short ETF is trading at $48.31, drops 0.19%. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF is having a negative session so far (down 0.039%).
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF | Currently steady around $25.35
- It's been more of the same this session on the back of a month of flat trade,
Trading mostly sideways for 2 years.
ETFMG Sit Ultra Short ETF | Currently down 0.19% at $48.31
- ETFMG Sit Ultra Short ETF has recovered 1.6% since descending to a significant low of $47.64 around 4 months ago.
After hitting an important low of $47.64 approximately 4 months ago, ETFMG Sit Ultra Short ETF has bounced back 1.6% since.