China Worries And Rate Hike Fears Dampen Market Sentiment

Market sentiment was dampened amidst the deepening property crisis in China and news of property giant China Evergrande filing for bankruptcy in a U.S. Court. Rate hike fears also remained high as the recent FOMC minutes revealed a hawkish Fed.

Wall Street Futures are trading with mild losses. European benchmarks are trading with deep losses. Asian stock markets finished on a negative note.

Dollar Index slipped amidst the dollar’s weakness. Bond yields mostly eased. Crude oil prices are trading with losses amidst renewed concerns over demand from China. Gold prices strengthened amidst the Dollar’s weakness. Cryptocurrencies plunged heavily.

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

Stock Indexes:

DJIA (US30) at 34,426.10, down 0.14%
S&P 500 (US500) at 4,362.10, down 0.19%
Germany’s DAX at 15,583.95, down 0.59%
U.K.’s FTSE 100 at 7,254.02, down 0.77%
France’s CAC 40 at 7,136.95, down 0.76%
Euro Stoxx 50 at 4,206.05, down 0.52%
Japan’s Nikkei 225 at 31,462.50, down 0.43%
Australia’s S&P ASX 200 at 7,148.10, up 0.03%
China’s Shanghai Composite at 3,131.95, down 1.00%
Hong Kong’s Hang Seng at 17,908.00, down 2.07%

Currencies:

EUR/USD at 1.0872, up 0.01%
GBP/USD at 1.2736, down 0.07%
USD/JPY at 145.50, down 0.23%
AUD/USD at 0.6399, down 0.06%
USD/CAD at 1.3540, down 0.04%
Dollar Index at 103.39, down 0.18%

Ten-Year Govt Bond Yields:

U.S. at 4.224%, down 1.98%
Germany at 2.6045%, down 3.50%
France at 3.147%, down 3.07%
U.K. at 4.7190%, down 0.59%
Japan at 0.618%, down 1.98%

Commodities:

Brent Oil Futures (Oct) at $83.92, down 0.24%.
Crude Oil WTI Futures (Sep) at $80.31, down 0.10%.
Gold Futures (Dec) at $1,924.45, up 0.48%.

Cryptocurrencies:

Bitcoin at $26,437.31, down 7.44%
Ethereum at $1,684.95, down 5.90%
BNB at $218.39, down 5.35%
XRP at $0.5049, down 13.73%
Cardano (ADA) at $0.2636, down 4.42%

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