The global rally in stock markets paused as fears of a halt to the aggressive monetary policy tightening faded. Asian stocks finished mostly with gains. European stocks are deep in the red. Wall Street also appears set to open with losses.
The Dollar Index strengthened after a brief pause. Bond yields surged as hopes of a dovish monetary policy stance faded. Gold weakened in tandem with the Dollar's strength. Crude prices traded lower ahead of the OPEC meeting that is reportedly contemplating massive output cuts. Cryptocurrencies moved mixed.
Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.
Stock Indexes:
DJIA (US30) at 30,078.50, down 0.78% S&P 500 (US500) at 3,760.90, down 0.79% Germany's DAX at 12,581.53, down 0.70% U.K.'s FTSE 100 at 7,011.70, down1.05% France's CAC 40 at 6,001.16, down 0.64% Euro Stoxx 50 at 3,458.85, down 0.74%Japan's Nikkei 225 at 27,120.53, up 0.48%Australia's S&P ASX 200 at 6,815.70, up 1.74% China's Shanghai Composite at 3,024.39, down 0.55% (Sep, 30)Hong Kong's Hang Seng at 18,069.00, up 5.79%
Currencies:
EURUSD at 0.9941, down 0.42%GBPUSD at 1.1421, down 0.45%USDJPY at 144.34, up 0.17%AUDUSD at 0.6484, down 0.25%USDCAD at 1.3576, up 0.48%Dollar Index at 110.68, up 0.56%
Ten-Year Govt Bond Yields:
U.S. at 3.715%, up 2.70% Germany at 1.9465%, up 3.10%France at 2.546%, up 2.52%U.K. at 4.0280%, up 4.08%Japan at 0.242%, down 3.20%
Commodities:
Crude Oil WTI Futures (Nov) at $86.27, down 0.29%Brent Oil Futures (Dec) at $91.63, down 0.19%Gold Futures (Dec) at $1,721.50, down 0.52%
Cryptocurrencies:
Bitcoin at $20,111.91, up 0.82%Ethereum at $1,344.01, down 0.53%BNB at $293.00, up 0.57% XRP at $0.4775, up 3.57%Cardano at $0.4283, down 1.06%
For comments and feedback contact: editorial@rttnews.com
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.