China Easing Restrictions; Hopes Of Fed’s Pause In Tightening -What Is Driving Markets

Equity markets are in green zone as news of China easing restrictions added to the relief over expectations that the Fed would pause on a tightening, after the rate hikes in June and July. The Dollar-Index meanwhile hovered near a one-month low.

Asian markets ended with gains. European equity markets too rallied on the first day of the week. Wall Street Futures are also in mild positive territory. The Dollar Index retreated. Bond yields hardened. Dollar weakness, hopes of growth in oil demand and supply concerns helped crude prices edge up. Gold gained on a weaker dollar, but risk-on sentiment in Asian equity markets capped gains. Cryptocurrencies rebounded.

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

Stock Indexes:

DJIA (US30) at 33,415.60, up 0.61%
S&P 500 (US500) at 4,197.30, up 0.94%
Germany’s DAX at 14,556.24, up 0.65%
U.K.’s FTSE 100 at 7,600.86, up 0.20%
France’s CAC 40 at 6,561.78, up 0.71%
Euro Stoxx 50 at 3,843.05, up 0.90%
Japan’s Nikkei 225 at 27,369.43, up 2.19%
Australia’s S&P ASX 200 at 7,286.60, up 1.45%
China’s Shanghai Composite at 3,149.06, up 0.60%
Hong Kong’s Hang Seng at 21,128.50, up 2.08%

Currencies:

EURUSD at 1.0757, up 0.28%
GBPUSD at 1.2626, up 0.08%
USDJPY at 127.29, up 0.15%
AUDUSD at 0.7187, up 0.38%
USDCAD at 1.2692, down 0.25%
Dollar Index at 101.51, down 0.15%

Ten-Year Govt Bond Yields:

U.S. at 2.743%, down 0.21% (May, 27)
Germany at 1.0395%, up 8.17%
France at 1.556%, up 4.57%
U.K. at 1.9855%, up 3.68%
Japan at 0.228%, down 1.09%

Commodities:

Crude Oil WTI Futures (Jul) at $115.88, up 0.70%
Brent Oil Futures (Aug) at $116.43, up 0.75%
Gold Futures (Jun) at $1,855.30, up 0.22%

Cryptocurrencies:

Bitcoin at $30,664.42, up 5.46%
Ethereum at $1,904.82, up 6.58%
BNB at $318.53, up 5.39%
XRP at $0.40, up 4.14%
Cardano at $0.5201, up 11.78%

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