Markets Brace For Data-heavy Week

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Caution was obvious across markets at the onset of a data-heavy week. Updates on consumer confidence, inflation, GDP as well as PMI are due in the week from major economies. Crucial OPEC+ meeting, Fed's preferred PCE-based inflation readings from the U.S. as well as Fed Chair Powell's speech scheduled for the end of the week also added to market anxiety.

Wall Street Futures reflect mild losses. European benchmarks are trading in the red. Asian stocks finished trading on a negative note.

Dollar Index declined amidst dollar weakness. Bond yields mostly eased. Crude oil prices declined amidst waning geopolitical concerns. Gold climbed amidst the Dollar's weakness. Cryptocurrencies declined.

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

Stock Indexes:

DJIA (US30) at 35,353.00, down 0.10%
S&P 500 (US500) at 4,552.30, down 0.15%
Germany's DAX at 16,003.99, down 0.16%
U.K.'s FTSE 100 at 7,474.28, down 0.19%
France's CAC 40 at 7,289.05, down 0.05%
Euro Stoxx 50 at 4,367.15 down 0.11%
Japan's Nikkei 225 at 33,447.67, down 0.62%
Australia's S&P ASX 200 at 6,987.60, down 0.76%
China's Shanghai Composite at 3,031.70, down 0.30%
Hong Kong's Hang Seng at 17,529.00, down 0.22%

Currencies:

EUR/USD at 1.0951, up 0.11%
GBP/USD at 1.2622, up 0.15%
USD/JPY at 149.04, down 0.27%
AUD/USD at 0.6603, up 0.33%
USD/CAD at 1.3638, up 0.02%
Dollar Index at 103.31, down 0.09%

Ten-Year Govt Bond Yields:

U.S. at 4.472%, down 0.24%
Germany at 2.6025%, down 1.64%
France at 3.151%, down 1.61%
U.K. at 4.2975%, up 0.32%
Japan at 0.772%, down 0.32%

Commodities:

Brent Oil Futures (Feb) at $79.34, down 1.42%.
Crude Oil WTI Futures (Jan) at $74.38, down 1.54%.
Gold Futures (Dec) at $2,013.95, up 0.55%.

Cryptocurrencies:

Bitcoin at $37,104.17, down 1.63%
Ethereum at $2,025.08, down 2.96%
BNB at $227.05, down 2.98%
XRP at $0.6032, down 4.42%
Solana (SOL) at $55.17, down 5.05%.

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