logo
  

Markets Rally On Earnings Boost, Fed Fears Subside

stock may05 01aug22 lt

World markets rallied as upbeat corporate earnings data helped revive market sentiment. Expectations that the Fed may slow down its interest rate hikes added to the positive sentiment. Crude prices however dropped ahead of the OPEC+ meeting later in the week.

Asian stocks gained. European stocks are also trading higher. The Wall Street Futures are however trading lower.

The Dollar Index weakened. Bond yields mostly hardened. Crude oil prices dropped amidst disappointing manufacturing PMI data from China. Gold remained close to the flatline. Cryptocurrencies declined.

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

Stock Indexes:

DJIA (US30) at 32,786.50, down 0.18%
S&P 500 (US500) at 4,117.20, down 0.32%
Germany's DAX at 13,521.39, up 0.28%
U.K.'s FTSE 100 at 7,448.90, up 0.34%
France's CAC 40 at 6,470.18, up 0.34%
Euro Stoxx 50 at 3,718.45, up 0.28%
Japan's Nikkei 225 at 27,993.35, up 0.69%
Australia's S&P ASX 200 at 6,993.00, up 0.69%
China's Shanghai Composite at 3,259.96, up 0.21%
Hong Kong's Hang Seng at 20,175.00, up 0.09%

Currencies:

EURUSD at 1.0250, up 0.31%
GBPUSD at 1.2220, up 0.44%
USDJPY at 132.42, down 0.58%
AUDUSD at 0.7027, up 0.60%
USDCAD at 1.2786, down 0.05%
Dollar Index at 105.45, down 0.43%

Ten-Year Govt Bond Yields:

U.S. at 2.676%, up 1.28%
Germany at 0.8670%, up 4.84%
France at 1.436%, up 3.61%
U.K. at 1.9075%, up 2.44%
Japan at 0.180%, down 2.70%

Commodities:

Crude Oil WTI Futures (Sep) at $96.67, down 1.98%
Brent Oil Futures (Oct) at $102.72, down 1.20%
Gold Futures (Aug) at $1,781.75, down 0.00%

Cryptocurrencies:

Bitcoin at $23,346.58, down 1.42%
Ethereum at $1,690.36, down 0.35%
BNB at $287.53, down 1.34%
XRP at $0.38, down 2.41%
Cardano at $0.5194, down 1.259%

For comments and feedback contact: editorial@rttnews.com

Forex News

Follow RTT