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Markets Fall As Fed Fears Flare Up Again

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

World markets remained panic stricken amidst a fresh wave of Fed fears. Worries of another 75-basis points rate hike by the Fed it its next review in November lifted the Dollar, pushing the Dollar Index to a fresh twenty-year high of 114.76.

Asian stocks finished with deep losses. European stocks also witnessed major sell-off in the backdrop of the Gfk Consumer Climate Indicator from Germany plunging to a record low. Consumer Confidence in France too edged lower. Wall Street Futures too indicate losses on opening.

The Dollar's surge dragged down currencies and commodities. Bond yields hardened in tandem with expectations of a surge in interest rates. Crude oil prices traded lower despite supply concerns. The surging Dollar dragged down prices of the yellow metal. Cryptocurrencies plunged.

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

Stock Indexes:

DJIA (US30) at 28,947.50, down 0.64%
S&P 500 (US500) at 3,618.30, down 0.79%
Germany's DAX at 11,970.05, down 1.40%
U.K.'s FTSE 100 at 6,885.20, down 1.42%
France's CAC 40 at 5,692.93, down 1.06%
Euro Stoxx 50 at 3,285.15, down 1.31%
Japan's Nikkei 225 at 26,173.98, down 1.50%
Australia's S&P ASX 200 at 6,462.00, down 0.53%
China's Shanghai Composite at 3,045.07, down 1.58%
Hong Kong's Hang Seng at 17,250.88, down 3.41%

Currencies:

EURUSD at 0.9553, down 0.41%
GBPUSD at 1.0694, down 0.35%
USDJPY at 144.72, down 0.03%
AUDUSD at 0.6385, down 0.75%
USDCAD at 1.3792, up 0.51%
Dollar Index at 114.62, up 0.45%

Ten-Year Govt Bond Yields:

U.S. at 3.994%, up 0.79%
Germany at 2.29%, up 1.73%
France at 2.883%, up 0.84%
U.K. at 4.5410%, up 0.82%
Japan at 0.245%, down 2%

Commodities:

Crude Oil WTI Futures (Nov) at $78.24, down 0.33%
Brent Oil Futures (Dec) at $84.61, down 0.31%
Gold Futures (Dec) at $1,626.55, down 0.59%

Cryptocurrencies:

Bitcoin at $18,752.60, down 7.13%
Ethereum at $1,282.25, down 7.29%
BNB at $269.88, down 5.30%
XRP at $0.4235, down 11.68%
Cardano at $0.4292, down 6.16%

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.