Rate Hike Fears Dampen Market Sentiment

Stock markets remained muted ahead of the ECB’s first expected rate hike in more than a decade. A more than expected rise in gasoline inventories in the U.S. dampened crude oil prices.

Asian stock markets traded mixed. The Wall Street Futures are trading in negative territory. European stocks are also trading in the red zone.

The Dollar Index remained firm. Bond yields hardened. Crude Oil prices softened further as data showed a rise in gasoline inventories, despite the summer’s driving season demand. Gold moved lower as investors priced in further rate hikes by central banks worldwide. Cryptocurrencies retreated again.

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

Stock Indexes:

DJIA (US30) at 31,750.40, down 0.39%
S&P 500 (US500) at 3,945.10, down 0.37%
Germany’s DAX at 13,173.49, down 0.82%
U.K.’s FTSE 100 at 7,233.61, down 0.42%
France’s CAC 40 at 6,162.84, down 0.35%
Euro Stoxx 50 at 3,566.45, down 0.52%
Japan’s Nikkei 225 at 27,803.00, up 0.44%
Australia’s S&P ASX 200 at 6,794.30, up 0.52%
China’s Shanghai Composite at 3,272.00, down 0.99%
Hong Kong’s Hang Seng at 20,537.5, down 1.69%

Currencies:

EURUSD at 1.0195, up 0.18%
GBPUSD at 1.1940, down 0.24%
USDJPY at 138.60, up 0.29%
AUDUSD at 0.6873, down 0.17%
USDCAD at 1.2898, up 0.11%
Dollar Index at 107.14, up 0.06%

Ten-Year Govt Bond Yields:

U.S. at 3.047%, up 0.37%
Germany at 1.2680%, up 0.48%
France at 1.863%, up 1.47%
U.K. at 2.1800%, up 1.82%
Japan at 0.231%, down 5.14%

Commodities:

Crude Oil WTI Futures (Sep) at $97.88, down 2.00%
Brent Oil Futures (Sep) at $105.09, down 1.71%
Gold Futures (Aug) at $1,686.55, down 0.80%

Cryptocurrencies:

Bitcoin at $22,992.07, down 2.26%
Ethereum at $1,492.25, down 3.45%
BNB at $256.26, down 4.54%
XRP at $0.3575 down 5.31%
Cardano at $0.491, down 8.76%

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