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Fears Of Recession Lifts Safe-haven Dollar And Dollar Index To A 20-year High

stock feb17 05jul22 lt

Asian stock markets traded mostly higher. European stocks are however trading deep in the red amidst a surge in gas prices and mounting concerns of a recession. The Wall Street Futures are also trading in negative territory.

Meanwhile, the Australian central bank hiked rates by another 50 basis points.

The Dollar Index surged to fresh 20-year high of 106.10, while the Euro plunged to a two-decade low versus the dollar. Bond yields eased. Brent Crude Oil dropped as recession fears and likely demand dip outweighed supply concerns. Gold edged up. 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 30,891.00, down 0.66%
S&P 500 (US500) at 3,799.20, down 0.68%
Germany's DAX at 12,621.91, down 1.19%
U.K.'s FTSE 100 at 7,139.93, down 1.28%
France's CAC 40 at 5,876.12, down 1.32%
Euro Stoxx 50 at 3,413.75, down 1.12%
Japan's Nikkei 225 at 26,423.47, up 1.03%
Australia's S&P ASX 200 at 6,629.30, up 0.25%
China's Shanghai Composite at 3,404.03, down 0.04%
Hong Kong's Hang Seng at 21,853.07, up 0.10%

Currencies:

EURUSD at 1.0312, down 1.05%
GBPUSD at 1.2052, down 0.44%
USDJPY at 135.71, up 0.02%
AUDUSD at 0.6799, down 0.95%
USDCAD at 1.2924, up 0.50%
Dollar Index at 106.01, up 0.83%

Ten-Year Govt Bond Yields:

U.S. at 2.895%, down 0.31%
Germany at 1.2620%, down 5.82%
France at 1.867%, down 3.29%
U.K. at 2.1515%, down 2.07%
Japan at 0.213%, down 2.95%

Commodities:

Crude Oil WTI Futures (Aug) at $108.92, up 0.45%
Brent Oil Futures (Sep) at $112.72, down 0.69%
Gold Futures (Aug) at $1,804.60, up 0.17%

Cryptocurrencies:

Bitcoin at $19,898.23, up 3.96%
Ethereum at $1,138.45, up 8.26%
BNB at $229.90, up 5.95%
XRP at $0.3225, up 1.76%
Cardano at $0.4588, up 2.44%

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