World Market Trends

Mood remained grim across world markets amidst an escalation of the war in Ukraine and a spurt in Covid cases in China. While inflation and rate hike fears lingered, concerns about financial stability, exacerbated the negative sentiment across world markets.

Asian stocks mostly finished with deep losses. European stocks are trading deep in the red. Wall Street also appears set to open with moderate losses.

The Dollar Index hovered close to the flatline. Bond yields mostly hardened. Gold edged down. Crude oil prices plunged amidst demand concerns, triggered by recession fears and a spurt in Covid cases in China. 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 28,973.50, down 0.79%
S&P 500 (US500) at 3,580.20, down 0.89%
Germany’s DAX at 12,133.91, down 1.13%
U.K.’s FTSE 100 at 6,876.30, down 1.19%
France’s CAC 40 at 5,784.92, down 0.95%
Euro Stoxx 50 at 3,319.25, down 1.12%
Japan’s Nikkei 225 at 26,401.25, down 2.64%
Australia’s S&P ASX 200 at 6,645.00, down 0.34%
China’s Shanghai Composite at 2,979.79, up 0.19%
Hong Kong’s Hang Seng at 16,832.36, down 2.23%

Currencies:

EURUSD at 0.9705, up 0.05%
GBPUSD at 1.1051, down 0.04%
USDJPY at 145.73, up 0.03%
AUDUSD at 0.6270, down 0.53%
USDCAD at 1.3836, up 0.44%
Dollar Index at 113.13, down 0.01%

Ten-Year Govt Bond Yields:

U.S. at 3.943%, up 1.49%
Germany at 2.3220%, up 0.00%
France at 2.904%, up 0.31%
U.K. at 4.4865%, up 0.32%
Japan at 0.246%, down 1.80%

Commodities:

Crude Oil WTI Futures (Nov) at $88.72, down 2.64%
Brent Oil Futures (Dec) at $93.78, down 2.51%
Gold Futures (Dec) at $1,672.45, down 0.16%

Cryptocurrencies:

Bitcoin at $19,105.86, down 0.78%
Ethereum at $1,285.31, down 1.63%
BNB at $271.32, down 0.91%
XRP at $0.4874, down 5.52%
Cardano at $0.3967, down 4.59%

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