Markets rallied as the Bill to suspend the debt limit was cleared by both the House and the Senate. Focus has shifted to the release of non-farm payrolls data for the month of May on Friday and the potential impact it could have on the Fed's pause bets.
European benchmarks recorded strong gains, buoyed by the more-than-expected industrial output in France. Wall Street Futures are trading in positive territory. Asian stocks finished trading on a positive note. Dollar continued to retreat as debt crisis and rate hike fears faded. Bond yields mostly hardened. Crude oil prices rebounded amidst debt deal euphoria. However, gains were limited by anxiety ahead of the weekend meeting of OPEC. Gold remained firm amidst expectations of a pause by the Fed in the next review. Cryptocurrencies rebounded.
Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.
Stock Indexes:
DJIA (US30) at 33,216.40, up 0.47% S&P 500 (US500) at 4,241.70, up 0.49% Germany's DAX at 16,036.45, up 1.15% U.K.'s FTSE 100 at 7,564.32, up 0.99% France's CAC 40 at 7,232.77, up 1.34%Euro Stoxx 50 at 4,307.25, up 1.17%Japan's Nikkei 225 at 31,524.22, up 1.21% Australia's S&P ASX 200 at 7,145.10, up 0.48% China's Shanghai Composite at 3,230.07, up 0.79% Hong Kong's Hang Seng at 18,949.94, up 4.02%
Currencies:
EUR/USD at 1.0768, up 0.06%GBP/USD at 1.2530, up 0.02%USD/JPY at 138.89, up 0.07%AUD/USD at 0.6628, up 0.87%USD/CAD at 1.3414, down 0.26%Dollar Index at 103.41, down 0.14%
Ten-Year Govt Bond Yields:
U.S. at 3.621%, up 0.28% Germany at 2.2860%, up 1.60%France at 2.841%, up 0.94%U.K. at 4.1910%, up 1.60%Japan at 0.409%, down 1.68%
Commodities:
Brent Oil Futures (Aug) at $75.74, up 1.97%Crude Oil WTI Futures (Jul) at $71.50, up 2.00%Gold Futures (Aug) at $1,996.25, up 0.04%
Cryptocurrencies:
Bitcoin at $27,161.52, up 0.89%Ethereum at $1,892.63, up 1.63%BNB at $307.86, up 1.09% XRP at $0.5146, up 2.01%Cardano (ADA) at $0.3733, up 2.81%
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.