Markets Wait For U.S. CPI, Bitcoin Hits Fresh High

Amidst euphoria triggered by growing rate cut hopes, markets appear to have taken a breather ahead of the release of the CPI readings from the U.S. due on Tuesday. However, the crypto rally continued unabated, with Bitcoin recording a new high above $72k.

Wall Street Futures indicate a mildly negative sentiment. Major European benchmarks are trading lower, retracing from the recent peaks. Asian shares finished on a mixed note.

The Dollar Index edged down. Bond yields are moving in a mixed fashion. Crude oil prices moved lower as concerns about China weighed on sentiment. Gold traded not far from the flatline.

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

Stock Indexes:

DJIA (US30) at 38,621.00, down 0.26%
S&P 500 (US500) at 5,110.80, down 0.25%
Germany’s DAX at 17,718.25, down 0.52%
U.K.’s FTSE 100 at 7,623.85, down 0.47%
France’s CAC 40 at 8,013.48, down 0.18%
Euro Stoxx 50 at 4,933.85, down 0.57%
Japan’s Nikkei 225 at 38,860.50, down 2.11%
Australia’s S&P ASX 200 at 7,704.20, down 1.82%
China’s Shanghai Composite at 3,068.46, up 0.74%
Hong Kong’s Hang Seng at 16,587.57, up 1.43%

Currencies:

EUR/USD at 1.0942, up 0.05%
GBP/USD at 1.2852, down 0.04%
USD/JPY at 146.65, down 0.29%
AUD/USD at 0.6617, down 0.15%
USD/CAD at 1.3477, down 0.01%
Dollar Index at 102.69, down 0.02%

Ten-Year Govt Bond Yields:

U.S. at 4.081%, down 0.17%
Germany at 2.2670%, down 0.04%
France at 2.720%, up 0.07%
U.K. at 3.9940%, up 0.38%
Japan at 0.764%, up 0.00%

Commodities:

Brent Oil Futures (May) at $81.70, down 0.46%.
Crude Oil WTI Futures (Apr) at $77.63, down 0.49%.
Gold Futures (Apr) at $2,183.00, down 0.11%.

Cryptocurrencies:

Bitcoin at $71,734.25, up 2.76%
Ethereum at $4,023.73, up 1.89%
BNB at $524.84, down 1.22%
Solana at $149.18, up 1.59%
XRP at $0.6251, up 0.44%.

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