- Peloton leader FTX gains 9.54%; currently at $1.36
- Ripple withdraws 2.95% by midday
- European equity markets are currently seeing a boost in risk-on sentiment.
With the trading session well underway, markets don't have a clear cut direction — Dow Jones trades at 33,774 with no major change. S&P 500 is relatively flat, trades at 4,128.21.
European markets are showing gains. Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session.
The one month Treasury rate declined to 3.4%.
3Rd quarter earnings season is mostly over, with Bank OZK and Procter & Gamble releasing their earnings reports just this week.
Ambiguous macro data is influencing the market as United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
While markets are generally sideways so far today, these assets are pulling ahead as FTX up 9.54% trading at $1.36. BNB is doing well and gains 1.97%.
Despite lacklustre price action, some assets are lagging behind their peers as Ripple seems to be down today, losing 2.95% of its value.
FTX | +9.54% in mid-session
- FTX has fallen back around 97% from the significant high of $41.46 set 10 months ago.
FTX Token reached a significant high of $41.46 around 10 months ago but has lost 97% since then. With an average daily volume of 19.60 million.
Ripple | -2.95% in mid-session
While on a 4 day downtrend, dropping a total of 13.2%, More of the same today: Ripple is grinding lower from $0.476 to $0.462, shedding $0.014 (2.95%) today.