Earnings, Geopolitics, Fed Fears Shape Market Sentiment

Multiple triggers ranging from geopolitical tensions in the Middle East, sticky CPI and renewed Fed fears, tensions between U.S. and China, all swayed market sentiment at the onset of the earnings season.

Wall Street Futures are trading with modest gains. European benchmarks are also trading on a positive note. Asian stocks declined amidst rising tensions between U.S. and China.

The Dollar edged lower, dragging the Dollar Index. Bond yields hardened amidst recent uptick in inflation indicators. Crude oil prices hovered close to the flatline. Gold’s safe haven surge witnessed a pause. Cryptocurrencies surged ahead amidst renewed hopes of a Bitcoin Spot ETF approval.

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

Stock Indexes:

DJIA (US30) at 33,827.50, up 0.47%
S&P 500 (US500) at 4,343.00, up 0.35%
Germany’s DAX at 15,198.85, up 0.08%
U.K.’s FTSE 100 at 7,627.89, up 0.37%
France’s CAC 40 at 7,015.32, up 0.17%
Euro Stoxx 50 at 4,142.85, up 0.16%
Japan’s Nikkei 225 at 31,634.50, down 2.03%
Australia’s S&P ASX 200 at 7,026.50, down 0.35%
China’s Shanghai Composite at 3,073.81, down 0.46%
Hong Kong’s Hang Seng at 17,602.50, down 0.88%

Currencies:

EUR/USD at 1.0532, up 0.22%
GBP/USD at 1.2163, up 019%
USD/JPY at 149.55, down 0.00%
AUD/USD at 0.6324, up 0.53%
USD/CAD at 1.3634, down 0.16%
Dollar Index at 106.49, down 0.15%

Ten-Year Govt Bond Yields:

U.S. at 4.708%, up 1.73%
Germany at 2.7920%, up 2.20%
France at 3.420%, up 1.77%
U.K. at 4.5170%, up 2.94%
Japan at 0.755%, up 0.40%

Commodities:

Brent Oil Futures (Dec) at $90.85, down 0.04%.
Crude Oil WTI Futures (Dec) at $86.45, up 0.12%.
Gold Futures (Dec) at $1,927.95, down 0.70%.

Cryptocurrencies:

Bitcoin at $27,760.68, up 3.33%
Ethereum at $1,585.28, up 1.92%
BNB at $213.13, up 2.87%
XRP at $0.4946, up 1.49%
Solana (SOL) at $22.98, up 4.91%.

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