Relief at the more-than-expected decline in inflation in the U.S. as well as U.K. triggered relief rallies across asset classes. Data from China that revealed a more-than-expected uptick in industrial production as well as retail sales also added to the positive sentiment.
Wall Street Futures portend strong gains. European benchmarks are trading higher amidst data showing easing inflation in the U.S. as well as U.K. Asian stocks finished trading on an upbeat note.
Dollar rebounded from Tuesday's lows. Bond yields are moving in a mixed pattern. Crude oil prices declined amidst uncertainty over the demand and supply outlook as well as data showing rising inventories in the U.S. Gold rallied amidst the lower inflation readings. Cryptocurrencies mostly declined.
Here is a glimpse of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 34,827.70, up 1.43% S&P 500 (US500) at 4,495.70, up 1.91% Germany's DAX at 15,684.85, up 0.45% U.K.'s FTSE 100 at 7,497.90, up 0.77% France's CAC 40 at 7,214.03, up 0.39%Euro Stoxx 50 at 4,311.85, up 0.47%Japan's Nikkei 225 at 33,519.70, up 2.51% Australia's S&P ASX 200 at 7,105.90, up 1.42% China's Shanghai Composite at 3,072.83, up 0.55%Hong Kong's Hang Seng at 18,071.00, up 3.71%
Currencies:
EUR/USD at 1.0852, down 0.25%GBP/USD at 1.2462, down 0.28%USD/JPY at 150.41, up 0.02%AUD/USD at 0.6506, down 0.00%USD/CAD at 1.3700, up 0.05% Dollar Index at 104.24, up 0.18% Ten-Year Govt Bond Yields:
U.S. at 4.460%, up 0.40% Germany at 2.5860%, down 0.58%France at 3.144%, down 0.54%U.K. at 4.2035%, up 1.14%Japan at 0.798%, down 0.25%
Commodities:
Brent Oil Futures (Jan) at $82.11, down 0.44%.Crude Oil WTI Futures (Dec) at $77.80, down 0.59%.Gold Futures (Dec) at $1,975.85, up 0.48%.
Cryptocurrencies:
Bitcoin at $35,801.31, down 1.90%Ethereum at $1,986.77, down 2.99%BNB at $245.21, down 0.07% XRP at $0.633, down 3.50%Solana (SOL) at $59.19, up 9.07%.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.