Markets Digest Divergent Inflation Trends In U.S. And China

The less than expected cooling in inflation in the U.S. and the deflationary indications from China swayed sentiment across markets.

Wall Street Futures are trading with losses. European benchmarks are trading on a negative note. Asian stocks declined amidst disappointing data from China.

The Dollar declined after a rebound on Thursday. Bond yields mostly eased. Despite official data showing a large inventory build in the U.S., crude oil climbed up on supply concerns. Gold rallied, unfazed by the recent CPI indicators. Cryptocurrencies are trading mixed.

Here is a snapshot of the major world markets at this hour.

Stock Indexes:

DJIA (US30) at 33,606.90, down 0.07%
S&P 500 (US500) at 4,342.30, down 0.17%
Germany’s DAX at 15,283.05, down 0.92%
U.K.’s FTSE 100 at 7,602.11, down 0.56%
France’s CAC 40 at 7,050.38, down 0.76%
Euro Stoxx 50 at 4,161.55, down 0.87%
Japan’s Nikkei 225 at 32,289.50, down 0.61%
Australia’s S&P ASX 200 at 7,051.00, down 0.56%
China’s Shanghai Composite at 3,088.10, down 0.64%
Hong Kong’s Hang Seng at 17,759.00, down 2.73%

Currencies:

EUR/USD at 1.0540, up 0.13%
GBP/USD at 1.2208, up 0.29%
USD/JPY at 149.71, down 0.06%
AUD/USD at 0.6319, up 0.08%
USD/CAD at 1.3672, down 0.12%
Dollar Index at 106.40, down 0.19%

Ten-Year Govt Bond Yields:

U.S. at 4.649%, down 1.30%
Germany at 2.7425%, down 1.46%
France at 3.310%, down 1.19%
U.K. at 4.4435%, up 0.42%
Japan at 0.760%, down 0.33%

Commodities:

Brent Oil Futures (Dec) at $88.69, up 3.13%.
Crude Oil WTI Futures (Nov) at $85.62, up 3.27%.
Gold Futures (Dec) at $1,899.25, up 0.86%.

Cryptocurrencies:

Bitcoin at $26,811.35, up 0.24%
Ethereum at $1,549.80, down 0.30%
BNB at $205.93, up 0.35%
XRP at $0.4828, up 1.33%
Solana (SOL) at $21.43, down 0.64%.

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