- Schwab U.S. TIPS ETF was the biggest decliner yesterday after giving up 1.1% 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 are up as FTSE ascends to 7,258 (up 0.97%).
A refresher of where yesterday ended before today starts: leading equity indices in the US declined as Nasdaq shed 1.73% and closed at 10,343. S&P 500 slipped 1.06% and closed at 3,720.
US markets are now currently closed and set to reopen today; meanwhile, European markets are trending positively as FTSE ascends by 0.97%, reaching 7,258. Asia-Pacific markets ended a mixed session today whilst Nikkei is currently down 1.68% and trading around 27,200.
Markets are trading lower today despite some positive data published earlier as highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 217,000.
Meanwhile, United States ISM Non-Manufacturing PMI (Oct) came out at 54.4, while a consensus of analysts was expecting 55.5. United States Interest Rate released Wednesday with a figure of four, while the previous figure was 3.25.
Looking ahead, ongoing depreciation may be prolonged as United States Non Farm Payrolls projected to come out at 200,000 — worse than previous data of 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. Vanguard Short-Term Inflation-Protected Securities ETF (down 0.44%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
SCHP lost 1.1% yesterday, ending at $51.47
Yesterday's session continued the recent downtrend: a tough session dominated by bearish sentiment left SCHP 57 cents lower, while setting a $51.47 to $51.78 session range.