Markets Brace For CPI Update, Earnings Season

Lingering concerns over how the U.S. CPI could influence the Fed’s rate path shaped market sentiment across markets and regions. The consumer price inflation reading for December from the U.S. which is seen heavily influencing the Fed’s interest rate trajectory is due later in the day. Markets also wait for another earning season to assess the state of corporate earnings.

Wall Street Futures are trading with minor gains. Major European benchmarks are trading above the flatline. Asian stocks finished trading on a positive note.

Dollar Index is trading close to the flatline. Bond yields eased across regions. Geopolitical tensions lifted crude oil prices amidst an unexpected inventory build in the U.S. Gold prices gained amidst the Dollar’s weakness. Cryptocurrencies rallied following the SEC’s approval of Bitcoin Spot ETF.

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

Stock Indexes:

DJIA (US30) at 37,722.30, up 0.07%
S&P 500 (US500) at 4,790.90, up 0.16%
Germany’s DAX at 16,746.37, up 0.34%
U.K.’s FTSE 100 at 7,660.72, up 0.12%
France’s CAC 40 at 7,444.45, up 0.25%
Euro Stoxx 50 at 4,485.25, up 0.36%
Japan’s Nikkei 225 at 35,049.86, up 1.88%
Australia’s S&P ASX 200 at 7,506.00, up 0.50%
China’s Shanghai Composite at 2,886.65, up 0.31%
Hong Kong’s Hang Seng at 16,287.00, up 1.26%

Currencies:

EUR/USD at 1.0968, down 0.03%
GBP/USD at 1.2743, up 0.03%
USD/JPY at 145.51, down 0.15%
AUD/USD at 0.6709, up 0.16%
USD/CAD at 1.3371, down 0.05%
Dollar Index at 102.40, up 0.03%

Ten-Year Govt Bond Yields:

U.S. at 3.995%, down 0.85%
Germany at 2.1855%, down 0.16%
France at 2.712%, down 0.29%
U.K. at 3.8175%, down 0.14%
Japan at 0.591%, down 1.91%

Commodities:

Brent Oil Futures (Mar) at $78.25, up 1.89%.
Crude Oil WTI Futures (Feb) at $72.81, up 2.02%.
Gold Futures (Feb) at $2,035.65, up 0.39%.

Cryptocurrencies:

Bitcoin at $46,230.79, up 1.27%
Ethereum at $2,611.84, up 7.96%
BNB at $314.42, up 4.48%
Solana at $100.81, up 3.62%
XRP at $0.6005, up 5.81%.

For comments and feedback…