- Ethereum gains 5.41% as the top gainer; currently at $2,121.59
- Asia-Pacific session in progress; markets are rising as Nikkei added 1.16% to trade at 28,483.
Yesterday's trading session saw to it that leading equity indices in the US rose as Nasdaq closed the day at 12,166, having gained 2%. Dow Jones ended the session at 34,030 after a 1.14% gain.
US markets are currently closed but will resume today in around 7 hours time. Asia-Pacific markets are up as Nikkei goes up to 28,483 (up 1.16%). Upbeat European markets ended yesterday higher as CAC is up by 1.13%, hitting 7,480.83.
Uptick coincides with some positive signs published earlier as United States Crude Oil Inventories beat analyst expectations of -583,000 and the previous reading of -3.74 million with new data of 597,000.
On a negative note, the market received some disappointing news as following a previous reading of 0%, Producer Price Index in United States released yesterday at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.5%. Following a previous reading of 228,000, Initial Jobless Claims in United States released yesterday at 12:30 UTC fell short of the 232,000 figure expected by analysts with an actual reading of 239,000.
Also worthy of note, today at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of -0.1%.
The market is looking forward to the release of new data: United States Retail Sales is expected today at 12:30 UTC.
While most assets did well yesterday, some did better than others as Ethereum trades at $2,121.59 having gained 5.41%. LTC (up 6.38%) and FTX Token (up 2.58%) also performed well yesterday.
New 11 months high for Ethereum at $2,124.43
While today ended at $2,012.61, today, Ethereum rallied above $2,124.43 for the first time in 11 months and gained $108.98 — now trading at $2,121.59. Today's session seems to be pointing upwards and is building on Ether's 19 days of gains (+$296.19).