Markets Welcome 2024 On A Mixed Note

Mixed sentiment prevailed in global markets at the onset of 2024 after a turbulent year marked by interest rates at multi-year highs and seesawing expectations of a monetary policy pivot. Markets begin the new year with strong hopes of rate cuts by central banks worldwide.

Wall Street Futures are trading with losses. Major European benchmarks are trading below the flatline. Asian stocks finished trading on a mixed note.

Dollar Index recorded strong gains. Bond yields hardened across regions. Crude oil prices increased amidst an escalation in tensions in the Red Sea. Gold prices rallied amidst hopes of an early Fed pivot. Cryptocurrencies surged in anticipation of an ETF approval by the SEC.

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

Stock Indexes:

DJIA (US30) at 37,550.00, down 0.28%
S&P 500 (US500) at 4,742.10, down 0.58%
Germany’s DAX at 16,720.00, down 0.19%
U.K.’s FTSE 100 at 7,707.10, down 0.34%
France’s CAC 40 at 7,509.62, down 0.44%
Euro Stoxx 50 at 4,505.95, down 0.35%
Japan’s Nikkei 225 at 33,464.17, down 0.23% (Dec 29)
Australia’s S&P ASX 200 at 7,627.80, up 0.49%
China’s Shanghai Composite at 2,962.28, down 0.43%
Hong Kong’s Hang Seng at 16,784.00, down 1.55%

Currencies:

EUR/USD at 1.0977, down 0.61%
GBP/USD at 1.2668, down 0.43%
USD/JPY at 141.84, up 0.69%
AUD/USD at 0.6798, down 0.19%
USD/CAD at 1.3265, up 0.22%
Dollar Index at 101.84, up 0.50%

Ten-Year Govt Bond Yields:

U.S. at 3.940%, up 2.17%
Germany at 2.0770%, up 2.37%
France at 2.611%, up 1.87%
U.K. at 3.6895%, up 4.25%
Japan at 0.625%, up 1.46%

Commodities:

Brent Oil Futures (Mar) at $78.78, up 2.26%.
Crude Oil WTI Futures (Feb) at $73.27, up 2.26%.
Gold Futures (Feb) at $2,084.45, up 0.61%.

Cryptocurrencies:

Bitcoin at $45,663.51, up 7.08%
Ethereum at $2,414.22, up 4.97%
Solana at $115.72, up 10.90%
BNB at $319.60, up 2.31%
XRP at $0.6385, up 3.33%.

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