May 18, 2024

News and Political Commentary

Mixed Sentiment In World Markets

2 min read

Market mood remained mixed across asset classes and regions as markets digested latest economic data as well as corporate earnings updates. Lingering geopolitical tensions and prospects of further stimulus measures from China also weighed on sentiment.

The Reserve Bank of Australia maintained status quo on rates, in the decision announced on Tuesday. Also, data showed factory orders in Germany unexpectedly climbing by 8.9 percent on a monthly basis in December. Retail Sales in the Euro Area, on the contrary decreased 1.1 percent in December.

Wall Street Futures point towards a negative bias. Major European benchmarks are trading mostly above the flatline. Asian stocks finished trading on a mixed note.

The Dollar Index traded close to the flatline. Bond yields are directionless. Crude oil prices edged lower. Gold prices recorded marginal losses. Cryptocurrencies are moving in a mixed fashion.

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

Stock Indexes:

DJIA (US30) at 38,315.80, down 0.17%
S&P 500 (US500) at 4,943.40, up 0.01%
Germany’s DAX at 16,876.87, down 0.16%
U.K.’s FTSE 100 at 7,642.01, up 0.35%
France’s CAC 40 at 7,600.68, up 0.14%
Euro Stoxx 50 at 4,663.95, up 0.19%
Japan’s Nikkei 225 at 36,160.66, down 0.56%
Australia’s S&P ASX 200 at 7,581.60, down 0.58%
China’s Shanghai Composite at 2,789.49, up 3.23%
Hong Kong’s Hang Seng at 16,136.87, up 4.04%

Currencies:

EUR/USD at 1.0739, down 0.02%
GBP/USD at 1.2554, up 0.18%
USD/JPY at 148.62, down 0.03%
AUD/USD at 0.6498, up 0.25%
USD/CAD at 1.3529, down 0.07%
Dollar Index at 104.40, down 0.05%

Ten-Year Govt Bond Yields:

U.S. at 4.150%, down 0.41%
Germany at 2.3180%, up 3.57%
France at 2.818%, up 3.49%
U.K. at 4.0500%, up 4.49%
Japan at 0.713%, down 0.83%

Commodities:

Brent Oil Futures (Apr) at $77.92, down 0.09%.
Crude Oil WTI Futures (Mar) at $72.65, down 0.18%.
Gold Futures (Apr) at $2,040.70, down 0.11%.

Cryptocurrencies:

Bitcoin at $42,941.54, up 0.03%
Ethereum at $2,328.00, up 0.59%
BNB at $302.88, down…



2024-02-06 05:31:17

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