Inflation Readings Play Spoilsport Again

CPI readings from the U.S. that came above expectations continued to dampen market sentiment across the globe, triggering fears of a hefty rate hike by the Fed in its review next week.

Asian stocks finished deep in the red. European stocks are trading in the red zone. Wall Street Futures are however trading in positive territory.

The Dollar Index retreated. Bond yields mostly hardened. Crude oil prices remained firm following an International Energy Agency Report that hinted at bullish demand outlook. Gold extended losses. Cryptocurrencies plunged.

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

Stock Indexes:

DJIA (US30) at 31.187.90, up 0.27%
S&P 500 (US500) at 3,946.70, up 0.36%
Germany’s DAX at 13,138.63, down 0.38%
U.K.’s FTSE 100 at 7,327.49, down 0.79%
France’s CAC 40 at 6,235.04, down 0.17%
Euro Stoxx 50 at 3,580.55, down 0.16%
Japan’s Nikkei 225 at 27,818.62, down 2.78%
Australia’s S&P ASX 200 at 6,828.60, down 2.58%
China’s Shanghai Composite at 3,237.54, down 0.80%
Hong Kong’s Hang Seng at 18,847.10, down 2.48%

Currencies:

EURUSD at 1.0000, up 0.30%
GBPUSD at 1.1551, up 0.52%
USDJPY at 143.48, down 0.74%
AUDUSD at 0.6733, up 0.04%
USDCAD at 1.3162, down 0.04%
Dollar Index at 109.52, down 0.27%

Ten-Year Govt Bond Yields:

U.S. at 3.431%, up 0.24%
Germany at 1.7225%, down 0.14%
France at 2.290%, up 0.15%
U.K. at 3.1730%, up 0.06%
Japan at 0.246%, up 0.41%

Commodities:

Crude Oil WTI Futures (Oct) at $87.42, up 0.13%
Brent Oil Futures (Nov) at $93.22, up 0.0.05%
Gold Futures (Dec) at $1,715.45, down 0.11%

Cryptocurrencies:

Bitcoin at $20,258.75, down 9.24%
Ethereum at $1,611.07, down 6.08%
BNB at $278.32, down 5.37%
XRP at $0.3358, down 5.82%
Cardano at $0.4722, down 5.99%

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