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Markets Digest Rate Hikes, Wait For U.S. Jobs Data

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

Sentiment recovered as markets moved ahead after the Federal Reserve and the ECB both delivered quarter point rate hikes but differed in the tone of forward guidance. Market focus has now shifted to the jobs data from the U.S. for hints on the strength of the labor market and its impact on the future course of monetary policy.

European benchmarks are trading higher. Wall Street Futures are also trading in the green zone. Asian stocks finished trading on a mixed note.

Dollar edged lower, dragging the Dollar Index. Bond yields hardened across tenors and regions. Crude oil prices extended gains. Gold traded below record highs. Cryptocurrencies are subdued.

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

Stock Indexes:

DJIA (US30) at 33,221.00, up 0.28%
S&P 500 (US500) at 4,078.10, up 0.42%
Germany's DAX at 15,847.75, up 0.72%
U.K.'s FTSE 100 at 7,737.41, up 0.45%
France's CAC 40 at 7,377.28, up 0.50%
Euro Stoxx 50 at 4,301.45, up 0.34%
Japan's Nikkei 225 at 29,157.95, up 0.12% (May 2)
Australia's S&P ASX 200 at 7,220.00, up 0.37%
China's Shanghai Composite at 3,334.50, down 0.48%
Hong Kong's Hang Seng at 20,033.00, up 0.42%

Currencies:

EUR/USD at 1.1030, up 0.17%
GBP/USD at 1.2609, up 0.29%
USD/JPY at 134.17, down 0.08%
AUD/USD at 0.6732, up 0.58%
USD/CAD at 1.3496, down 0.30%
Dollar Index at 101.29, down 0.11%

Ten-Year Govt Bond Yields:

U.S. at 3.395%, up 1.30%
Germany at 2.2530%, up 2.55%
France at 2.853%, up 1.82%
U.K. at 3.7600%, up 2.90%
Japan at 0.415%, down 1.31%

Commodities:

Brent Oil Futures (Jul) at $73.67, up 1.61%
Crude Oil WTI Futures (Jun) at $69.60, up 1.52%
Gold Futures (Jun) at $2,049.20, down 0.32%

Cryptocurrencies:

Bitcoin at $29,107.56, up 0.18%
Ethereum at $1,899.45, down 0.10%
BNB at $324.88, down 0.34%
XRP at $0.4615, up 0.16%
Cardano (ADA) at $0.3896, down 0.71%

For comments and feedback contact: editorial@rttnews.com

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