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China's Rate Cut Sends Global Stocks Soaring

By Avila Sebastian   ✉   | Published:   | Follow Us On Google News   | Join Us
rttnewslogo20mar2024

Asian and European equity markets rebounded, as a cut in the Loan Prime Rate by China bolstered hopes of an economic recovery. Wall Street Futures are also reflecting the increase in positive sentiment. The Dollar Index stayed flat as demand for the safe-haven dollar remained sluggish. Bond yields hardened across regions. Crude prices trailed Thursday's levels as concerns about the future oil demand persisted. Gold edged up as the Dollar's weakness continued. Cryptocurrencies recovered.

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

Stock Indexes:

DJIA (US30) at 31,529.50, up 0.88%
S&P 500 (US500) at 3,943.70 up 1.10%
Germany's DAX at 14,129.00, up 1.78%
U.K.'s FTSE 100 at 7,445.00, up 1.95%
France's CAC 40 at 6,335.69, up 1.00%
Euro Stoxx 50 at 3,692.25, up 1.42%
Japan's Nikkei 225 at 26,739.03, up 1.27%
Australia's S&P ASX 200 at 7,145.60, up 1.15%
China's Shanghai Composite at 3,146.57, up 1.60%
Hong Kong's Hang Seng at 20,717.24, up 2.96%

Currencies:

EURUSD at 1.0584, down 0.02%
GBPUSD at 1.2471 up 0.09%
USDJPY at 128.14, up 0.27%
AUDUSD at 0.7063, up 0.23%
USDCAD at 1.2782, down 0.33%
Dollar Index at 102.84, up 0.11%

Ten-Year Govt Bond Yields:

U.S. at 2.869%, up 0.51%
Germany at 0.9835%, up 4.74%
France at 1.492%, up 3.43%
U.K. at 1.9160%, up 2.57%
Japan at 0.236%, down 1.26%

Commodities:

Crude Oil WTI Futures (Jul) at $109.72, down 0.15%
Brent Oil Futures (Jul) at $111.97, down 0.06%
Gold Futures (Jun) at $1,844.34, up 0.17%

Cryptocurrencies:

Bitcoin at $30,199.12, up 3.79%
Ethereum at $2,025.97, up 4.20%
BNB at $307.89, up 3.37%
XRP at $0.4297, up 6.37%
Cardano at $0.5305, up 3.68%

For comments and feedback contact: editorial@rttnews.com

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