- EOS was the biggest decliner after giving up 3.09% yesterday Bitcoin Cash had a negative day yesterday (down 2.82%).
- Asia-Pacific markets have no obvious direction.
Before today's session: leading equity indices in the US declined as Dow Jones closed at 33,128, a 0.86% change. S&P 500 lost 0.72% and ended the session at 4,061.22.
US markets are currently closed but will resume today in around 8 hours time. Asia-Pacific markets are sideways. European markets were down yesterday as FTSE is currently down 1.1% and trading around 7,702.64.
In a tough day for US markets, both stocks and bonds suffered from risk-off sentiment and a higher likelihood of a hawkish Fed at its next FOMC meeting. After trading around 4.7%, the yield on one month US government debt rose to 5.76%.
Nova Ltd. and Charles River Laboratories International, Inc. due to release their earnings reports within the following week.
Market's down-tick coincides with some negative macro data published earlier as United States Initial Jobless Claims fell short of the 240,000 projections, with new data of 242,000. United States Crude Oil Inventories fell short of the -1.1 million projections, with new data of -1.28 million.
Amid the market gloom, United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as today at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 236,000. Today at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.6 from the preceding figure of 3.5.
While markets are generally down so far today, some assets outperformed such as FTX Token gained 9.54% to reach $1.36.
Yesterday's bearishness meant that EOS lost 3.09% yesterday before closing at $1. Bitcoin Cash had a negative day yesterday (down 2.82%).
FTX Token | +9.54% in mid-session
- FTX Token traded as high as $41.46 before shedding 95.04% lower over the past six months.
FTX traded as high as $41.46 before shedding 95.04% lower over the past six months. With an average daily volume of 19.60 million.
Today's losses are adding to a 23 day bearish run, during which EOS lost $0.226 of its value.