Markets Preoccupied With The Fed’s Likely Moves

Market sentiment continued to be tethered to speculation on how hawkish the Fed would be in taming inflation, and to what extent the interest rate hikes would impact future economic growth. The perception about the Fed’s actions also lifted the Dollar and the Dollar index higher.

Asian stocks traded mixed. European stocks are trading lower. Wall Street Futures are also in negative territory.

The Dollar Index gained. Bond yields hardened across regions. Crude oil prices declined, dragged down by fears of a slowdown in China as well as the potential for Iranian crude oil supplies. Gold declined moderately while cryptocurrencies plunged massively.

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

Stock Indexes:

DJIA (US30) at 33,789.00, down 0.62%
S&P 500 (US500) at 4,250.60, down 0.77%
Germany’s DAX at 13,569.57, down 0.93%
U.K.’s FTSE 100 at 7,522.50, down 0.26%
France’s CAC 40 at 6,510.82, down 0.71%
Euro Stoxx 50 at 3,745.75, down 0.84%
Japan’s Nikkei 225 at 28,930.33, down 0.04%
Australia’s S&P ASX 200 at 7,114.50, up 0.02%
China’s Shanghai Composite at 3,258.08, down 0.59%
Hong Kong’s Hang Seng at 19,773.03, up 0.05%

Currencies:

EURUSD at 1.0088, down 0.00%
GBPUSD at 1.1894, down 0.31%
USDJPY at 136.51, up 0.46%
AUDUSD at 0.6909, down 0.13%
USDCAD at 1.2976, up 0.22%
Dollar Index at 107.70, up 0.20%

Ten-Year Govt Bond Yields:

U.S. at 2.924%, up 1.54%
Germany at 1.1825%, up 8.09%
France at 1.757%, up 4.96%
U.K. at 2.4005%, up 3.92%
Japan at 0.197%, up 3.15%

Commodities:

Crude Oil WTI Futures (Sep) at $89.19, down 1.45%
Brent Oil Futures (Oct) at $95.22, down 1.42%
Gold Futures (Dec) at $1,767.45, down 0.21%

Cryptocurrencies:

Bitcoin at $21,836.14, down 6.84%
Ethereum at $1,737.79, down 5.90%
BNB at $284.87, down 7.42%
XRP at $0.3413, down 9.23%
Cardano at $0.4715, down 12.66%

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