Markets Rise Amidst Fed Pause Hopes

Markets rose in cautious optimism ahead of the release of the U.S. CPI data on Tuesday and Fed’s Policy outcome on Wednesday. Expectations of a pause increased as reflected in the CME FedWatch tool indicating close to a three-fourths probability of a pause.

European benchmarks are trading mostly higher. Wall Street Futures are trading in positive territory. Asian stocks finished trading on a mixed note.

Dollar declined, dragging the Dollar Index. Bond yields moved mixed. Crude oil prices plunged again amidst Goldman Sachs cutting its oil outlook. Gold traded slightly higher amidst the greenback’s retreat. Cryptocurrencies mostly gained.

Here is a snapshot of the world markets at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.

Stock Indexes:

DJIA (US30) at 33,890.50, up 0.04%
S&P 500 (US500) at 4,308.60, up 0.23%
Germany’s DAX at 16,042.75, up 0.58%
U.K.’s FTSE 100 at 7,561.97, down 0.01%
France’s CAC 40 at 7,249.10, up 0.50%
Euro Stoxx 50 at 4,312.15, up 0.52%
Japan’s Nikkei 225 at 32,434.00, up 0.52%
Australia’s S&P ASX 200 at 7,122.50, up 0.32%
China’s Shanghai Composite at 3,228.83, down 0.08%
Hong Kong’s Hang Seng at 19,404.31, up 0.07%

Currencies:

EUR/USD at 1.0781, up 0.30%
GBP/USD at 1.2592, up 0.22%
USD/JPY at 139.18, down 0.10%
AUD/USD at 0.6770, up 0.47%
USD/CAD at 1.3326, down 0.11%
Dollar Index at 103.31, down 0.24%

Ten-Year Govt Bond Yields:

U.S. at 3.748%, up 0.11%
Germany at 2.3680%, down 0.50%
France at 2.900%, down 0.96%
U.K. at 4.3095%, up 1.71%
Japan at 0.425%, down 0.23%

Commodities:

Brent Oil Futures (Aug) at $73.13, down 2.22%
Crude Oil WTI Futures (Jul) at $68.36, down 2.58%
Gold Futures (Aug) at $1,979.65, up 0.12%

Cryptocurrencies:

Bitcoin at $25,972.80, up 0.97%
Ethereum at $1,748.94, up 0.14%
BNB at $234.88, down 0.56%
XRP at $0.5183, up 2.60%
Cardano (ADA) at $0.2831, up 8.00%

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