- Peloton leader TRON gains 1.75%; currently at $0.063
- European markets have struggled to gain ground and are now trading lower midway through the session.
The trading session is underway and markets are mixed with Dow Jones up to 29,370, gaining 0.45%. Nasdaq slipping 0.17% and closing at 10,400.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are showing gains.
Ambiguous macro data is influencing the market as data for United States Producer Price Index published today at 12:30 UTC came out at 0.4%, beating projections of 0.2% and showing improvement over the preceding figure of -0.2%. United States Core PPI (MoM) (Sep) came out at 0.3, while a consensus of analysts was expecting 0.3. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 4.318, while the previous figure was 3.564.
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with 1.75 million. It previously stood at -1.36 million; data will be released tomorrow at 15:00 UTC. United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.1%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with -0.1%. It previously stood at -0.3%; data will be released Friday.
While markets are generally sideways so far today, these stocks are pulling ahead as TRON up 1.75% trading at $0.063. Ether is doing well and gains 1.25%.
Today’s gains follow 21 days of flat trade
In contrast to today’s gains, ETH has been on an 8 day bearish trend during which it lost $82.93 of its value.