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Markets Wait For Fed's Guidance On Rate Cuts

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

Markets are waiting anxiously for the outcome of the Federal Reserve's last monetary policy decision of the year, due later in the day. Despite a minor uptick in the month-on-month U.S. CPI readings, market expectation remains focused on Fed's rate cuts.

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

Anxiety ahead of the Fed decision lifted the Dollar and the Dollar Index. Bond yields mostly eased. Crude oil prices slumped amidst concerns over a global demand. Gold prices gained whereas cryptocurrencies declined.

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

Stock Indexes:

DJIA (US30) at 36,617.10, up 0.07%
S&P 500 (US500) at 4,649.20, up 0.06%
Germany's DAX at 16,809.95, up 0.11%
U.K.'s FTSE 100 at 7,565.98, up 0.31%
France's CAC 40 at 7,566.44, up 0.30%
Euro Stoxx 50 at 4,547.05, up 0.23%
Japan's Nikkei 225 at 32,926.35, up 0.25%
Australia's S&P ASX 200 at 7,257.80, up 0.31%
China's Shanghai Composite at 2,968.76, down 1.15%
Hong Kong's Hang Seng at 16,247.00, down 0.94%

Currencies:

EUR/USD at 1.0777, down 0.14%
GBP/USD at 1.2512, down 0.39%
USD/JPY at 145.75, up 0.22%
AUD/USD at 0.6555, down 0.06%
USD/CAD at 1.3593, up 0.04%
Dollar Index at 104.01, up 0.14%

Ten-Year Govt Bond Yields:

U.S. at 4.192%, down 0.36%
Germany at 2.194%, down 1.66%
France at 2.734%, down 1.58%
U.K. at 3.9285%, down 1.02%
Japan at 0.697%, up 0.94%

Commodities:

Brent Oil Futures (Feb) at $73.16, down 0.11%.
Crude Oil WTI Futures (Jan) at $68.56, down 0.07%.
Gold Futures (Feb) at $1,996.65, up 0.17%.

Cryptocurrencies:

Bitcoin at $41,156.56, down 1.48%
Ethereum at $2,172.27, down 2.30%
BNB at $250.00, down 0.37%
XRP at $0.6049, down 2.76%
Solana (SOL) at $65.81, down 8.03%.

For comments and feedback contact: editorial@rttnews.com

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