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Markets Price In Renewed Rate Cut Expectations

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

For comments and feedback contact: editorial@rttnews.com

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.