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Market/Sector Trends

Markets Price In Renewed Rate Cut Expectations

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

Market sentiment reflected the rising expectation of a peak in rates by major central banks. Data showing retail sales in the U.K. unexpectedly falling reinforced bets of a faster-than-expected rate cut by the Bank of England.

Wall Street Futures reflect mild gains. European benchmarks are mostly trading higher. Asian stocks finished trading on a mixed note.

Dollar is trading close to the flatline. Bond yields eased emphatically. Crude oil prices rebounded after successive losses. Gold extended gains as rate cut expectations persisted. Cryptocurrencies declined as ETF frenzy waned.

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

Stock Indexes:

DJIA (US30) at 35,039.90, up 0.27%
S&P 500 (US500) at 4,520.80, up 0.28%
Germany's DAX at 15,881.15, up 0.60%
U.K.'s FTSE 100 at 7,477.12, up 0.89%
France's CAC 40 at 7,220.52, up 0.73%
Euro Stoxx 50 at 4,328.55 up 0.61%
Japan's Nikkei 225 at 33,585.20, up 0.46%
Australia's S&P ASX 200 at 7,049.40, down 0.13%
China's Shanghai Composite at 3,054.37, up 0.11%
Hong Kong's Hang Seng at 17,471.50, down 1.94%

Currencies:

EUR/USD at 1.0848, down 0.02%
GBP/USD at 1.2393, down 0.10%
USD/JPY at 149.66, down 0.70%
AUD/USD at 0.6482, up 0.19%
USD/CAD at 1.3740, down 0.11%
Dollar Index at 104.37, up 0.02%

Ten-Year Govt Bond Yields:

U.S. at 4.387%, down 1.25%
Germany at 2.5210%, down 2.59%
France at 3.079%, down 2.21%
U.K. at 4.0745%, down 1.91%
Japan at 0.755%, up 0.40%

Commodities:

Brent Oil Futures (Jan) at $77.89, up 0.61%.
Crude Oil WTI Futures (Dec) at $73.39, up 0.67%.
Gold Futures (Dec) at $1,991.10, up 0.19%.

Cryptocurrencies:

Bitcoin at $36,392.45, down 2.58%
Ethereum at $1,976.87, down 3.33%
BNB at $245.50, down 2.97%
XRP at $0.6167, down 4.59%
Solana (SOL) at $58.80, down 9.95%.

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Market Analysis

Global Economics Weekly Update -April 05 – April 10, 2026

April 10, 2026 16:21 ET
Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.