- Yesterday's star of the day iShares Core Total USD Bond Market ETF appreciates 1.2% while outperforming its peers
- Top laggard MicroSectors FANG+™ Index -3X Inverse Leveraged ETN gave up $13.07, or 21.94% yesterday
- Asia-Pacific markets are trending positively as ASX 200 climbs to 7,340 (up 0.77%).
Ahead of today's session: markets had an interesting day yesterday; S&P 500 closed the day at 4,080, having gained 3.09%. Nasdaq gained 4.41% and closed at 11,468.
Trading in the US will continue today in around 10 hours time, meanwhile Asia-Pacific session in progress; markets are rising as ASX 200 is up by 0.77%, hitting 7,340. Upbeat European markets ended yesterday higher as FTSE is up by 0.81%, hitting 7,573.
Uptick coincides with some positive signs published earlier as United States Pending Home Sales came out at -4.6%, better than analyst estimates of -5% and improving upon the previous reading of -8.7%.
On a negative note, the market received some disappointing news as following a previous reading of -3.69 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the -2.76 million figure expected by analysts with an actual reading of -12.58 million.
Today's rise takes place amid mixed market indicators — United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released today at 13:30 UTC.
Furthermore, the market is looking at United States Non Farm Payrolls expected to decline to 200,000 while its preceding data was 261,000, data will be available tomorrow at 13:30 UTC.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Oct) will be released today at 13:30 UTC.
While most stocks did well yesterday, some did better than others as iShares Core Total USD Bond Market ETF trades at $45.7 having gained 1.2%. Vanguard Mortgage-Backed Securities ETF (up 0.92%) is also performing well.
Yesterday's bullishness contained stock stragglers as noticeable risk-on sentiment wasn't enough to prevent MicroSectors FANG+™ Index -3X Inverse Leveraged ETN giving up $13.07, or 21.94%, before ending the session at $46.5.
Risk-on mood helps IUSB post 1.2% gain yesterday
A possible reversal detected from yesterday; iShares Core Total USD Bond Market ETF rallied 54 cents (1.2%) deep into the session, closing at $45.7.
Risk-on sentiment allowed VMBS to post 0.92% gain yesterday
Vanguard Mortgage-Backed Securities ETF rallied 42 cents (0.92%) deep into the session, reaching $46.09.