- Market leader Dogecoin puts in stellar performance, gaining 6.05%; currently at $0.088
- European equity markets are currently seeing a boost in risk-on sentiment.
A new trading session is underway and crypto markets are up — Nasdaq up to 11,200, gaining 1%. S&P 500 goes up 0.48%, trading at 4,010.32.
European markets are showing gains. Asia-Pacific markets are in session with varied performances.
The iShares U.S. Treasury Bond ETF has gone up 0.87% to trade at $23.45, thereby indicating that government bond yields were downbeat across the yield curve.
On a negative note, the market received some disappointing news as highly important Producer Price Index data from United States beat analyst expectations of -0.1% with a reading of -0.5%. Highly important Core Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1.1%. United States Retail Sales published today at 13:30 UTC came out at -1.1%, falling short of the -0.8% projections and continuing its decline from the previous -1% figure.
Furthermore, the market is looking at tomorrow at 16:00 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -1.75 million from the preceding figure of 18.96 million. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 214,000 from the preceding figure of 205,000.
Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Jan) will be released tomorrow at 13:30 UTC.
While indices are generally bullish today, some individual stock performances stood out as Dogecoin trades at $0.088 having gained 6.05%. FTX (up 2.58%) and Uniswap (up 0.939%) are looking good as well.
Uniswap gains $0 to erase previous losses, trading higher at $0 after 7 months low
UNICORN Token USD dropped to $0, hitting its lowest point in 7 months. It later recovered $0 and is now trading at $0. In contrast to today's gains, Uniswap has been on a month bearish trend during which it lost $5.46 of its value.
FTX | +9.54% in mid-session
After ending today at $1.24, FTX Token ascended as high as $1.44 before meeting resistance. Undeterred, FTX Token posted a fresh rally late in the trading session targeting $1.36.