Fears of a recession and concerns about the Fed’s potential rate trajectory swayed market sentiment across asset classes and regions. Though markets<\/span> overwhelmingly expect a pause by the Fed in September, uncertainty remains over the Fed’s likely moves beyond that.<\/p>\n

Wall Street Futures are trading in negative territory even as Apple shares edged higher in pre-market trade. European benchmarks are trading mostly lower amidst fears of a recession in the region. Asian stock markets finished in the red amidst a downward revision to Japan’s GDP numbers.<\/p>\n

Dollar Index edged lower. Bond yields continued to ease. Crude oil prices surged amidst a more than expected decline in inventories in the U.S. Gold futures gained as easing bond yields and a weak Dollar weighed on sentiment. Cryptocurrencies rallied. <\/p>\n

Here is a snapshot of world markets at this hour. <\/p>\n

Stock Indexes:<\/p>\n

DJIA (US30) at 34,445.40, down 0.16%
S&P 500 (US500) at 4,444.10, down 0.16%
Germany’s DAX at 15,617.35, down 0.64%
U.K.’s FTSE 100 at 7,417.67, down 0.32%
France’s CAC 40 at 7,163.01, down 0.46%
Euro Stoxx 50 at 4,193.55, down 0.65%
Japan’s Nikkei 225 at 32,609.50, down 1.21%
Australia’s S&P ASX 200 at 7,156.70, down 0.20%
China’s Shanghai Composite at 3,116.72, down 0.18%
Hong Kong’s Hang Seng at 18,202.07, down 1.34% (September 7)<\/p>\n

Currencies:<\/p>\n

EUR\/USD at 1.0701, up 0.02%
GBP\/USD at 1.2478, up 0.04%
USD\/JPY at 147.28, down 0.01%
AUD\/USD at 0.6394, up 0.28%
USD\/CAD at 1.3668, down 0.09%
Dollar Index at 104.99, down 0.07% <\/p>\n

Ten-Year Govt Bond Yields:<\/p>\n

U.S. at 4.244%, down 0.45%
Germany at 2.5955%, down 0.86%
France at 3.128%, down 0.67%
U.K. at 4.4780%, up 0.61%
Japan at 0.641%, down 1.00% <\/p>\n

Commodities:<\/p>\n

Brent Oil Futures (Nov) at $90.44, up 0.58%.
Crude Oil WTI Futures (Oct) at $87.28, up 0.47%.
Gold Futures (Dec) at $1,949.30, up 0.35%.<\/p>\n

Cryptocurrencies: <\/p>\n

Bitcoin at $26,186.34, up 1.74%
Ethereum at $1,643.60, up 0.65%
BNB at $216.92, up 0.77%
XRP at $0.5041, up 1.16%
Cardano (ADA) at $0.2578, up 0.62% <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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