World Market Trends

World markets continued the rally on Friday as the fall in inflation reinforced hopes that the Fed would act softer and slower on further rate hikes. The upbeat sentiment was reflected across regions and across asset classes.

Asian stocks mostly finished higher. European benchmarks are trading in positive territory. Wall Street Futures appear clueless.

The Dollar continued to retreat, dragging the Dollar Index lower. Bond yields continued to ease in most major regions. Crude oil prices continued to gain on China reopening hopes. Gold continued to trade higher. Cryptocurrencies extended the rally.

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

Stock Indexes:

DJIA (US30) at 34,192.80, up 0.01%
S&P 500 (US500) at 3,982.30, down 0.02%
Germany’s DAX at 15,119.15, up 0.40%
U.K.’s FTSE 100 at 7,829.27, up 0.45%
France’s CAC 40 at 7,015.11, up 0.57%
Euro Stoxx 50 at 4,152.15, up 0.62%
Japan’s Nikkei 225 at 26,119.52, down 1.25%
Australia’s S&P ASX 200 at 7,328.10, up 0.66%
China’s Shanghai Composite at 3,195.31, up 1.01%
Hong Kong’s Hang Seng at 21,738.66, up 1.04%

Currencies:

EURUSD at 1.0843, down 0.03%
GBPUSD at 1.2230, up 0.25%
USDJPY at 128.51, down 0.55%
AUDUSD at 0.6979, up 0.09%
USDCAD at 1.3341, down 0.16%
Dollar Index at 103.05, down 0.13%

Ten-Year Govt Bond Yields:

U.S. at 3.452%, up 0.15%
Germany at 2.1020%, down 3.00%
France at 2.561%, down 2.36%
U.K. at 3.3390%, up 0.12%
Japan at 0.505%, down 0.20%

Commodities:

Brent Oil Futures (Mar) at $84.69, up 0.79%
Crude Oil WTI Futures (Feb) at $79.05, up 0.84%
Gold Futures (Feb) at $1,907.45, up 0.46%

Cryptocurrencies:

Bitcoin at $18,947.61, up 4.15%
Ethereum at $1,411.62, up 0.83%
BNB at $287.45, up 1.63%
XRP at $0.3772, up 1.44%
Cardano (ADA) at $0.3324, up 3.16%

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