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Markets Fret About Oil Prices, Bond Yields, U.S. Govt Shutdown

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

Oil price surge, fears of a U.S. govt shutdown, rising bond yields and China's property sector woes reverberated in world markets at the onset of the new week.
Wall Street Futures portend minor losses on reopen. Most European benchmarks are trading in the red zone. Asian stocks finished mixed amidst China's property sector woes.

Rate hike fears continued to lift the Dollar and the Dollar Index. Bond yields spiked as fuel inflation added fire to inflationary concerns. Supply concerns continued to lift crude oil prices. Gold edged lower. Cryptocurrencies are moving in a mixed fashion.

Here is a glimpse of the major world markets at this hour.

Stock Indexes:

DJIA (US30) at 33,934.00, down 0.09%
S&P 500 (US500) at 4,314.90, down 0.12%
Germany's DAX at 15,445.38, down 0.72%
U.K.'s FTSE 100 at 7,636.71, down 0.61%
France's CAC 40 at 7,139.08, down 0.64%
Euro Stoxx 50 at 4,175.55, down 0.75%
Japan's Nikkei 225 at 32,704.50, up 0.95%
Australia's S&P ASX 200 at 7,076.50, up 0.11%
China's Shanghai Composite at 3,115.61, down 0.54%
Hong Kong's Hang Seng at 17,728.00, down 1.97%

Currencies:

EUR/USD at 1.0638, down 0.13%
GBP/USD at 1.2234, down 0.03%
USD/JPY at 148.59, up 0.15%
AUD/USD at 0.6431, down 0.16%
USD/CAD at 1.3465, down 0.13%
Dollar Index at 105.67, up 0.08%

Ten-Year Govt Bond Yields:

U.S. at 4.500%, up 1.36%
Germany at 2.8025%, up 2.43%
France at 3.349%, up 1.87%
U.K. at 4.3570%, up 2.52%
Japan at 0.722%, down 1.10%

Commodities:

Brent Oil Futures (Dec) at $92.20, up 0.26%.
Crude Oil WTI Futures (Nov) at $90.34, up 0.34%.
Gold Futures (Dec) at $1,943.65, down 0.10%.

Cryptocurrencies:

Bitcoin at $26,613.99, down 0.52%
Ethereum at $1,595.15, up 0.03%
BNB at $210.95, up 0.23%
XRP at $0.5093, up 1.02%
Dogecoin (DOGE) at $0.0616, down 0.11%

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Business News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.