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China's Covid Relaxations Spur Demand Hopes; Equities, Oil, Bonds Rise

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

Markets worldwide on Tuesday moved up amidst China relaxing quarantine restrictions. Markets also eyed the ECB Forum on Central Banking for cues on central bank thinking.

Equity markets in Asia and Europe rallied. The Wall Street Futures are in positive territory. The Dollar Index retreated, albeit marginally amidst hawkish comments by the ECB President that lifted the Euro. Bond yields surged. Oil prices rebounded amidst hopes of revival in demand following lifting of Covid curbs by China. Supply concerns also aided the sentiment. Gold edged up. Cryptocurrencies declined again.

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

Stock Indexes:

DJIA (US30) at 31,625.50, up 0.60%
S&P 500 (US500) at 3,922.60, up 0.58%
Germany's DAX at 13,304.63, up 0.90%
U.K.'s FTSE 100 at 7,326.40, up 0.94%
France's CAC 40 at 6,126.64, up 1.31%
Euro Stoxx 50 at 3,574.45, up 1.01%
Japan's Nikkei 225 at 27,049.47, up 0.66%
Australia's S&P ASX 200 at 6,763.60, up 0.86%
China's Shanghai Composite at 3,409.21, up 0.89%
Hong Kong's Hang Seng at 22,392.00, up 0.73%

Currencies:

EURUSD at 1.0594, up 0.10%
GBPUSD at 1.2287, up 0.19%
USDJPY at 135.69, up 0.19%
AUDUSD at 0.6958, up 0.50%
USDCAD at 1.2824, down 0.42%
Dollar Index at 103.86, down 0.08%

Ten-Year Govt Bond Yields:

U.S. at 3.221%, up 0.83%
Germany at 1.6265%, up 5.48%
France at 2.165%, up 4.26%
U.K. at 2.4685%, up 3.07%
Japan at 0.231%, down 1.70%

Commodities:

Crude Oil WTI Futures (Aug) at $111.09, up 1.39%
Brent Oil Futures (Sep) at $112.58, up 1.44%
Gold Futures (Aug) at $1,828.85, up 0.22%

Cryptocurrencies:

Bitcoin at $20,887.37, down 2.29%
Ethereum at $1,207.17, down 1.74%
BNB at $237.61, down 0.96%
XRP at $0.3502, down 3.55%
Cardano at $0.4881, down 3.27%

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - April 27 – May 01, 2026

May 01, 2026 15:54 ET
Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.

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