- Midway through earnings season, Hawaiian Electric Industries, Inc. and Arrival are in line to report next
- Uniswap descends 2.98% halfway through the session
- European markets are down as CAC is currently down 1.45% and trading around 7,383.2.
With the trading session well underway, the leading indices were losing ground — Dow Jones trades at 33,600 after losing 1.32%. S&P 500 drawing back 1.35% to 4,111.77.
European markets have struggled to gain ground and are now trading lower midway through the session. Asia-Pacific markets are currently mixed so far this session.
Investor risk appetite was subdued as stocks were sold off in favour of perceivably safer alternatives such as government bonds. The iShares U.S. Treasury Bond ETF has gone up 0.85% to trade at $23.38, thereby indicating that government bond yields were downbeat across the yield curve.
3Rd quarter earnings season is mostly over, with T. Rowe Price Group Inc and Western Union Co releasing their earnings reports just this week.
Meanwhile, United States JOLTs Job Openings (Mar) came out at 9.59 million, while a consensus of analysts was expecting 9.78 million. United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as Thursday data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 230,000.
Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC.
Furthermore, United States Interest Rate is expected tomorrow at 18:00 UTC.
While markets are generally down so far today, some assets outperformed such as FTX Token gained 9.54% to reach $1.36. Bitcoin (up 1.31%).
Uniswap takes a hit, loses 2.98% of its value.
FTX | +9.54% in mid-session
- FTX Token traded as high as $41.46 before shedding 95.12% lower over the past six months.
FTX traded as high as $41.46 before shedding 95.12% lower over the past six months. With an average daily volume of 19.60 million.