Market sentiment remained tethered to the outbreak of geopolitical tensions in the Middle East and the massive spike in crude oil prices it triggered. The surge in crude oil prices added to the anxiety ahead of the release of the FOMC minutes on Wednesday and the CPI update on Thursday.
Wall Street Futures are trading with losses. European benchmarks are also trading mostly lower. Asian stocks however finished trading on a mixed note.
Safe haven demand lifted the Dollar and the Dollar Index. Bond yields eased amidst the geopolitical tensions. Crude oil prices witnessed a massive spike as markets focused on the likelihood of Middle East tensions aggravating supply concerns. Safe haven demand lifted gold prices too. Cryptocurrencies however declined. Here is a snapshot of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 33,235.50, down 0.52% S&P 500 (US500) at 4,281.10, down 0.64% Germany's DAX at 15,103.35, down 0.83% U.K.'s FTSE 100 at 7,500.11, up 0.07% France's CAC 40 at 7,016.81, down 0.61%Euro Stoxx 50 at 4,111.75, down 0.79%Japan's Nikkei 225 at 30,994.67, down 0.26% Australia's S&P ASX 200 at 6,970.20, up 0.23% China's Shanghai Composite at 3,096.92, down 0.44%Hong Kong's Hang Seng at 17,572.00, up 0.60%
Currencies:
EUR/USD at 1.0536, down 0.47%GBP/USD at 1.2176, down 0.51%USD/JPY at 149.14, down 0.12%AUD/USD at 0.6364, down 0.30%USD/CAD at 1.3669, up 0.05% Dollar Index at 106.49, up 0.42% Ten-Year Govt Bond Yields:
U.S. at 4.744%, down 0.82% Germany at 2.8745%, down 0.57%France at 3.468%, down 0.37%U.K. at 4.6220%, up 1.01%Japan at 0.799%, down 0.19%
Commodities:
Brent Oil Futures (Dec) at $87.55, up 3.51%.Crude Oil WTI Futures (Nov) at $85.80, up 3.64%.Gold Futures (Dec) at $1,863.35, up 0.98%.
Cryptocurrencies:
Bitcoin at $27,511.33, down 1.23%Ethereum at $1,594.80, down 1.60%BNB at $208.03, down 0.83% XRP at $0.4984, down 4.19%Solana (SOL) at $22.23, down 4.52%.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
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.