{"id":133333,"date":"2023-06-29T07:39:45","date_gmt":"2023-06-29T07:39:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=133333"},"modified":"2023-06-29T07:39:45","modified_gmt":"2023-06-29T07:39:45","slug":"markets-fret-about-interest-rate-hikes","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/markets-fret-about-interest-rate-hikes\/","title":{"rendered":"Markets Fret About Interest Rate Hikes"},"content":{"rendered":"
Market sentiment remains cautious ahead of the interest rate decision by the Bank of England. Swiss National Bank and Norway’s Norges Bank, both hiked interest rates to combat inflation. Federal Reserve chair Jerome Powell’s hints of higher interest rates, in his congressional testimony also swayed sentiment.<\/p>\n
European benchmarks are trading lower. Wall Street Futures are trading in negative zone. Asian stocks too finished with losses. <\/p>\n
Dollar and the Dollar Index edged lower. Bond yields hardened across regions and tenors. Renewed rate hike fears dragged down crude oil prices. Gold declined amidst hawkish hints from the Fed Chair’s congressional testimony. Crypto rally however continued. <\/p>\n
Here is a snapshot of the world markets<\/span> at this hour across stocks, currencies, bonds, commodities and cryptocurrencies. <\/p>\n Stock Indexes:<\/p>\n DJIA (US30) at 33,870.10, down 0.24% Currencies:<\/p>\n EUR\/USD at 1.1002, up 0.11% Ten-Year Govt Bond Yields:<\/p>\n U.S. at 3.754%, up 0.83% Commodities:<\/p>\n Brent Oil Futures (Aug) at $76.11, down 1.31% Cryptocurrencies: <\/p>\n Bitcoin at $30,124.24, up 4.19%
S&P 500 (US500) at 4,354.10, down 0.27%
Germany’s DAX at 15,918.25, down 0.65%
U.K.’s FTSE 100 at 7,496.02, down 0.84%
France’s CAC 40 at 7,170.42, down 1.25%
Euro Stoxx 50 at 4,277.05, down 1.06%
Japan’s Nikkei 225 at 33,264.88, down 0.92%
Australia’s S&P ASX 200 at 7,195.50, down 1.63%
China’s Shanghai Composite at 3,197.90, down 1.31% (June 21)
Hong Kong’s Hang Seng at 19,218.35, down 1.98% (June 21)<\/p>\n
GBP\/USD at 1.2792, up 0.16%
USD\/JPY at 141.94, up 0.04%
AUD\/USD at 0.6793, down 0.04%
USD\/CAD at 1.3144, down 0.16%
Dollar Index at 101.97, down 0.10% <\/p>\n
Germany at 2.4570%, up 1.15%
France at 2.988%, up 1.01%
U.K. at 4.4635%, up 1.35%
Japan at 0.372%, up 0.27% <\/p>\n
Crude Oil WTI Futures (Aug) at $71.58, down 1.31%
Gold Futures (Aug) at $1,939.25, down 0.29% <\/p>\n
Ethereum at $1,906.58, up 5.18%
BNB at $252.85, up 1.81%
XRP at $0.5092, up 2.64%
Cardano (ADA) at $0.3011, up 8.00% <\/p>\n