Markets Wait For Powell Speech Amidst Debt Ceiling Optimism

Market sentiment remined mixed on Friday weighed by anxiety ahead of a speech by Fed Chair Jerome Powell and growing optimism regarding resolution of the debt ceiling deadlock. Corporate earnings updates, as well as concerns about the rebound in China also weighed on sentiment.

European benchmarks have surged ahead. Wall Street Futures are trading in mildly positive territory. Asian stocks finished trading on a mixed note.

Dollar dropped, dragging the Dollar Index. Bond yields moved in a mixed fashion. Crude oil prices gained on hopes of resolution of debt ceiling deadlock. Gold rebounded after sharp losses in the previous sessions. Cryptocurrencies mostly declined.

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

Stock Indexes:

DJIA (US30) at 33,561.10, up 0.08%
S&P 500 (US500) at 4,203.80, up 0.14%
Germany’s DAX at 16,264.35, up 0.62%
U.K.’s FTSE 100 at 7,778.54, up 0.47%
France’s CAC 40 at 7,501.17, up 0.73%
Euro Stoxx 50 at 4,402.25, up 0.80%
Japan’s Nikkei 225 at 30,809.35, up 0.77%
Australia’s S&P ASX 200 at 7,279.50, up 0.59%
China’s Shanghai Composite at 3,283.54, down 0.42%
Hong Kong’s Hang Seng at 19,450.57, down 1.40%

Currencies:

EUR/USD at 1.0800, up 0.28%
GBP/USD at 1.2429, up 0.16%
USD/JPY at 138.06, down 0.46%
AUD/USD at 0.6656, up 0.51%
USD/CAD at 1.3476, down 0.19%
Dollar Index at 103.32, down 0.26%

Ten-Year Govt Bond Yields:

U.S. at 3.647%, down 0.25%
Germany at 2.4660%, up 2.20%
France at 3.050%, up 0.38%
U.K. at 4.0165%, up 1.50%
Japan at 0.396%, down 1.12%

Commodities:

Brent Oil Futures (Jul) at $76.71, up 1.12%
Crude Oil WTI Futures (Jun) at $72.64, up 1.09%
Gold Futures (Jun) at $1,969.85, up 0.51%

Cryptocurrencies:

Bitcoin at $26,848.02, down 2.11%
Ethereum at $1,808.12, down 1.05%
BNB at $309.19, down 1.20%
XRP at $0.4634, up 3.75%
Cardano (ADA) at $0.3701, down 1.57%

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