- Midway through earnings season, Pinduoduo & UroGen Pharma Ltd. are in line to report next
- Yesterday's star of the day Bitcoin appreciates 2.61% while outperforming its peers
- European markets are trending positively as DAX is up by 0.91%, hitting 15,100.
An update of where yesterday closed ahead of the next session: markets completed a mixed session yesterday, as Nasdaq ended the session at 11,200 after a 0.45% gain. After dropping 0.28%, Dow Jones closed at 31,819.
Trading in the US will continue today in around a hour time, meanwhile European session in progress; markets are rising as DAX rises by 0.91%, reaching 15,100. Asia-Pacific markets were down today as KOSPI Composite Index is down by 2.56%, plunges to 2,349
The iShares U.S. Treasury Bond ETF has gone up 0.93% to trade at $23.27, thereby indicating that government bond yields were downbeat across the yield curve. The yield on one year US government debt declined to 4.3%.
Pinduoduo & UroGen Pharma Ltd. due to release their earnings reports within the following week.
This limbo state is reflected by market data published as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
Data to be released today might clear up some of the market fog as projections for United States Retail Sales are set for a continuation of decline with -0.3% while previous data was 3%; data will be released tomorrow at 12:30 UTC. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. Tomorrow at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.
While markets were generally sideways yesterday, these assets pulled ahead as Bitcoin up 2.61% trading at $24,836. Polygon Matic is doing well and gains 5.44%.
FTX Token | +9.54% in mid-session
After closing the previous trading day at $1.24, FTX Token is up to $1.36, which makes for a move of 9.54%/$0.119 today.
Today's session seems to be pointing upwards and is building on Bitcoin's 5 days of gains (+$3,975).