Markets Cheer The Cooling Bond Yields And Positive Earning Updates

The reversal in bond yields, positive updates and guidance on corporate earnings as well as cautious optimism ahead of major monetary policy reviews helped improve overall market sentiment.

Wall Street Futures are trading with mild gains. European benchmarks are trading mostly in the green zone despite disappointing economic data from the region. Asian stocks mostly moved higher.

Dollar gained, lifting the Dollar Index higher. Bond yields mostly eased. Crude oil prices recorded only modest rise as stability in the war zone helped reduce the war-risk premium. Gold prices have dropped amidst the cooling in bond yields.
Cryptocurrencies leaped amidst a renewed Bitcoin ETF frenzy.

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

Stock Indexes:

DJIA (US30) at 33,099.90, up 0.50%
S&P 500 (US500) at 4,243.30, up 0.62%
Germany’s DAX at 14,851.65, up 0.34%
U.K.’s FTSE 100 at 7,372.50, down 0.03%
France’s CAC 40 at 6,896.67, up 0.67%
Euro Stoxx 50 at 4,062.15, up 0.50%
Japan’s Nikkei 225 at 31,062.35, up 0.32%
Australia’s S&P ASX 200 at 6,856.90, up 0.19%
China’s Shanghai Composite at 2,962.24, up 0.78%
Hong Kong’s Hang Seng at 16,999.00, down 1.01%

Currencies:

EUR/USD at 1.0632, down 0.34%
GBP/USD at 1.2228, down 0.16%
USD/JPY at 149.76, up 0.04%
AUD/USD at 0.6363, up 0.43%
USD/CAD at 1.3695, up 0.05%
Dollar Index at 105.94, up 0.38%

Ten-Year Govt Bond Yields:

U.S. at 4.866%, up 0.64%
Germany at 2.8250%, down 1.43%
France at 3.442%, down 1.09%
U.K. at 4.6225%, up 0.49%
Japan at 0.845%, down 0.18%

Commodities:

Brent Oil Futures (Dec) at $90.23, up 0.45%.
Crude Oil WTI Futures (Dec) at $85.86, up 0.43%.
Gold Futures (Dec) at $1,969.40, down 0.93%.

Cryptocurrencies:

Bitcoin at $34,541.67, up 12.96%
Ethereum at $1,829.64, up 9.28%
BNB at $230.53, up 4.81%
XRP at $0.5527, up 4.17%
Solana (SOL) at $31.74, up 6.99%.

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