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Inflation, Rate Hike, Growth Worries Keep Market Sentiment Muted

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

Markets remained subdued as inflation and inflation combat dominated sentiment amidst a 50-basis points rate hike by the Reserve Bank of Australia. Caution also prevailed ahead of the ECB's interest rate review on Thursday and U.S. inflation data release on Friday. Decline in Germany's factory orders and Euro Area's construction PMI numbers too dampened sentiment.

Asian markets finished mixed. European equity markets are trading lower. Wall Street Futures are also trading in negative territory. Fears of more rate hikes pushed the Dollar and the Dollar Index higher. Bond yields however eased across tenors and geographies. Crude Oil prices dropped despite relaxation in Covid curbs by China. Gold edged up. Cryptocurrencies plunged again.

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

Stock Indexes:

DJIA (US30) at 32,810.10, down 0.32%
S&P 500 (US500) at 4,108.30, down 0.32%
Germany's DAX at 14,516.35, down 0.94%
U.K.'s FTSE 100 at 7,598.73, down 0.12%
France's CAC 40 at 6,499.07, down 0.76%
Euro Stoxx 50 at 3,804.85, down 0.87%
Japan's Nikkei 225 at 27,943.95, up 0.10%
Australia's S&P ASX 200 at 7,095.70, down 1.53%
China's Shanghai Composite at 3,241.76, up 0.17%
Hong Kong's Hang Seng at 21,528.00, down 0.58%

Currencies:

EURUSD at 1.0685, down 0.08%
GBPUSD at 1.2501, down 0.23%
USDJPY at 132.65, up 0.60%
AUDUSD at 0.7192, up 0.01%
USDCAD at 1.2594, up 0.16%
Dollar Index at 102.54, up 0.10%

Ten-Year Govt Bond Yields:

U.S. at 3.029%, down 0.30%
Germany at 1.2915%, down 2.82%
France at 1.809%, down 2.19%
U.K. at 2.2435%, down 0.20%
Japan at 0.241%, down 1.63%

Commodities:

Crude Oil WTI Futures (Jul) at $118.15, down 0.30%
Brent Oil Futures (Aug) at $119.17, down 0.28%
Gold Futures (Aug) at $1,849.85, up 0.33%

Cryptocurrencies:

Bitcoin at $29,670.15, down 5.50%
Ethereum at $1,769.86, down 6.80%
BNB at $284.39, down 8.69%
Cardano at $0.5899, down 7.79%
XRP at $0.392, down 3.17%

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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