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Rate Hike Fears Drag Market Sentiment

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

Sentiment remained weak across world markets as an increasingly hawkish rhetoric by central bank officials almost negated the boost provided by robust corporate earnings.

Asian stocks finished trade mostly on a negative note. European stocks are trading deep in the red. Wall Street appears set to open with modest losses.

The Dollar Index edged higher. Bond yields touched multi-year highs amidst renewed fears of a hawkish Fed. Gold traded lower amidst the spike in bond yields and the Dollar's surge. Crude oil prices edged lower amidst hawkish commentary from Fed officials that eclipsed hopes of demand boost from China. Cryptocurrencies are trading mostly in the red zone.

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

Stock Indexes:

DJIA (US30) at 30,191.00, down 0.47%
S&P 500 (US500) at 3,642.10, down 0.65%
Germany's DAX at 12,560.55, down 1.62%
U.K.'s FTSE 100 at 6,883.43, down 0.87%
France's CAC 40 at 5,983.42, down 1.70%
Euro Stoxx 50 at 3,434.15, down 1.68%
Japan's Nikkei 225 at 26,890.58, down 0.43%
Australia's S&P ASX 200 at 6,676.80, down 0.80%
China's Shanghai Composite at 3,038.93, up 0.13%
Hong Kong's Hang Seng at 16,207.50, down 0.45%

Currencies:

EURUSD at 0.9776, down 0.07%
GBPUSD at 1.1153, down 0.71%
USDJPY at 150.77, up 0.42%
AUDUSD at 0.6254, down 0.33%
USDCAD at 1.3820, up 0.41%
Dollar Index at 113.17, up 0.25%

Ten-Year Govt Bond Yields:

U.S. at 4.274%, up 1.13%
Germany at 2.477%, up 3.17%
France at 3.04%, up 2.96%
U.K. at 4.068%, up 4.17%
Japan at 0.249%, down 2.35%

Commodities:

Crude Oil WTI Futures (Dec) at $83.48, down 1.22%
Brent Oil Futures (Dec) at $91.31, down 1.16%
Gold Futures (Dec) at $1,624.65, down 0.74%

Cryptocurrencies:

Bitcoin at $19,014.79, down 0.68%
Ethereum at $1,282.12, down 0.82%
BNB at $266.44, down 1.95%
XRP at $0.441, down 4.14%
Cardano at $0.3355, down 5.21%

For comments and feedback contact: editorial@rttnews.com

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