Markets Digest The Hawkish Tone In FOMC Deliberations

Sentiment was dampened following the release of the FOMC minutes, as markets digested the continuing focus on the upside risks to inflation, triggering speculations of more rate hikes by the Fed.

Wall Street Futures are trading with mild gains. European benchmarks are trading on a mostly downbeat note. Asian stock markets finished on a mostly negative note.

Dollar Index slipped amidst the dollar’s weakness. Bond yields mostly hardened. Crude oil prices are trading with gains on expectations of support measures from China. Gold prices are close to the flatline. Cryptocurrencies extended losses.

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.

Stock Indexes:

DJIA (US30) at 34,795.10, up 0.08%
S&P 500 (US500) at 4,413.90, up 0.22%
Germany’s DAX at 15,785.75, down 0.02%
U.K.’s FTSE 100 at 7,344.71, down 0.17%
France’s CAC 40 at 7,257.51, down 0.04%
Euro Stoxx 50 at 4,272.35, down 0.28%
Japan’s Nikkei 225 at 31,597.50, down 0.61%
Australia’s S&P ASX 200 at 7,146.00, down 0.68%
China’s Shanghai Composite at 3,163.74, up 0.43%
Hong Kong’s Hang Seng at 18,286.00, down 0.22%

Currencies:

EUR/USD at 1.0885, up 0.10%
GBP/USD at 1.2753, up 0.20%
USD/JPY at 145.99, down 0.25%
AUD/USD at 0.6431, up 0.12%
USD/CAD at 1.3509, down 0.19%
Dollar Index at 103.33, down 0.09%

Ten-Year Govt Bond Yields:

U.S. at 4.306%, up 1.12%
Germany at 2.6890%, up 1.74%
France at 3.227%, up 1.24%
U.K. at 4.7610%, up 2.45%
Japan at 0.636%, down 2.30%

Commodities:

Brent Oil Futures (Oct) at $84.22, up 0.92%.
Crude Oil WTI Futures (Sep) at $80.16, up 0.98%.
Gold Futures (Dec) at $1,928.15, down 0.01%.

Cryptocurrencies:

Bitcoin at $28,466.14, down 2.33%
Ethereum at $1,783.41, down 2.23%
BNB at $230.27, down 1.80%
XRP at $0.5842, down 2.67%
Cardano (ADA) at $0.2754, down 1.17%

Source: Read Full Article