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Markets Price In A Softer Rate Action By Fed

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

China's GDP growth falling below expectations and an abatement in worries of a massive rate hike by the Fed were some of the headlines that shaped market sentiment in Friday's trade.

Asian stock markets moved mixed. The Wall Street Futures are trading in mildly positive territory. European stocks are trading significantly higher.

The Dollar Index retreated from the fresh 20-year highs touched on Thursday. Bond yields eased across tenors and geographies. Crude Oil prices recovered as anxiety over an aggressive rate hike by the Fed abated slightly. The yellow metal however extended losses. Cryptocurrencies mostly recovered.

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

Stock Indexes:

DJIA (US30) at 30,702.00, up 0.23%
S&P 500 (US500) at 3,800.30, up 0.26%
Germany's DAX at 12,762.63, up 1.94%
U.K.'s FTSE 100 at 7,118.27, up 1.11%
France's CAC 40 at 5,973.88, up 0.99%
Euro Stoxx 50 at 3,445.85, up 1.45%
Japan's Nikkei 225 at 26,788.47, up 0.54%
Australia's S&P ASX 200 at 6,605.60, down 0.68%
China's Shanghai Composite at 3,228.06, down 1.64%
Hong Kong's Hang Seng at 20,304.00, down 2.16%

Currencies:

EURUSD at 1.0020, up 0.04%
GBPUSD at 1.1827, up 0.04%
USDJPY at 138.82, down 0.05%
AUDUSD at 0.6727, down 0.30%
USDCAD at 1.3124, up 0.05%
Dollar Index at 108.64, up 0.0.09%


Ten-Year Govt Bond Yields:

U.S. at 2.928%, down 1.04%
Germany at 1.0955%, down 7.47%
France at 1.636%, down 4.72%
U.K. at 2.0595%, down 1.98%
Japan at 0.228%, down 2.56%

Commodities:

Crude Oil WTI Futures (Aug) at $95.16, down 0.65%
Brent Oil Futures (Sep) at $98.77, down 0.33%
Gold Futures (Aug) at $1,700.00, down 0.34%

Cryptocurrencies:

Bitcoin at $20,754.16, up 3.82%
Ethereum at $1,206.18, up 9.96%
BNB at $238.01, up 3.18%
XRP at $0.3379, up 6.20%
Cardano at $0.4424, up 3.50%

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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