logo
  

Inflation Dip Lifts Market Sentiment

stock apr21 11aug22 lt

Lower than expected readings of headline and core inflation in July from the U.S. helped revive sentiment in world markets as the anxiety surrounding massive rate hikes by the Fed eased considerably. However, disappointments on the earnings side kept European stock markets sober.

Asian stocks rallied. European stocks are trading mixed. Wall Street Futures are in mildly positive territory.

The Dollar Index declined. Bond yields moved mixed. Crude oil prices surged after the International Energy Agency forecasted higher oil demand, in the backdrop of a potential gas-crisis driven fuel switch. Gold traded lower as risk appetite improved after the soft inflation readings. Cryptocurrencies rallied.

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

Stock Indexes:

DJIA (US30) at 33,416.10, up 0.32%
S&P 500 (US500) at 4,221.00, up 0.26%
Germany's DAX at 13,685.67, down 0.11%
U.K.'s FTSE 100 at 7,491.50, down 0.21%
France's CAC 40 at 6,523.72, up 0.00%
Euro Stoxx 50 at 3,748.65, down 0.02%
Japan's Nikkei 225 at 27,819.33, down 0.65% (August, 10)
Australia's S&P ASX 200 at 7,071.00, up 1.12%
China's Shanghai Composite at 3,281.67, up 1.60%
Hong Kong's Hang Seng at 20,082.43, up 2.40%

Currencies:

EURUSD at 1.0329, up 0.31%
GBPUSD at 1.2221, down 0.03%
USDJPY at 132.64, down 0.17%
AUDUSD at 0.7095, up 0.25%
USDCAD at 1.2769, down 0.03%
Dollar Index at 104.97, down 0.21%

Ten-Year Govt Bond Yields:

U.S. at 2.777%, down 0.14%
Germany at 0.9200%, up 3.95%
France at 1.474%, up 1.87%
U.K. at 2.0065%, up 2.79%
Japan at 0.184%, down 2.38%

Commodities:

Crude Oil WTI Futures (Sep) at $92.14, up 0.23%
Brent Oil Futures (Oct) at $97.64, up 0.25%
Gold Futures (Dec) at $1,802.45, down 0.62%

Cryptocurrencies:

Bitcoin at $24,495.34, up 6.25%
Ethereum at $1,884.49, up 11.18%
BNB at $330.07, up 3.25%
XRP at $0.3807, up 4.44%
Cardano at $0.5373, up 5.03%

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
Follow RTT