July 12, 2024

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Markets Wait For Fed Minutes

2 min read

Amidst rising expectations of rate cuts by the Fed, markets are anxiously waiting for the minutes of the recent FOMC due to be released on Tuesday.

Wall Street Futures reflect mixed sentiment. European benchmarks are mostly trading lower. Asian stocks finished trading on a mostly positive note.

Dollar extended decline. Bond yields are moving in a mixed pattern. Crude oil prices rallied as potential supply cuts weighed on prices. Gold declined despite rate cut expectations. Cryptocurrencies mostly gained.

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

Stock Indexes:

DJIA (US30) at 34,942.50, down 0.01%
S&P 500 (US500) at 4,515.80, up 0.04%
Germany’s DAX at 15,877.45, down 0.26%
U.K.’s FTSE 100 at 7,487.75, down 0.22%
France’s CAC 40 at 7,245.41, up 0.16%
Euro Stoxx 50 at 4,337.45 down 0.08%
Japan’s Nikkei 225 at 33,388.03, down 0.64%
Australia’s S&P ASX 200 at 7,058.40, up 0.13%
China’s Shanghai Composite at 3,068.32, up 0.46%
Hong Kong’s Hang Seng at 17,762.00, up 1.66%

Currencies:

EUR/USD at 1.0923, up 0.15%
GBP/USD at 1.2469, up 0.06%
USD/JPY at 148.22, down 0.93%
AUD/USD at 0.6552, up 0.68%
USD/CAD at 1.3718, up 0.00%
Dollar Index at 103.61, down 0.30%

Ten-Year Govt Bond Yields:

U.S. at 4.471%, up 0.66%
Germany at 2.6115%, up 0.87%
France at 3.169%, up 0.44%
U.K. at 4.1710%, up 1.61%
Japan at 0.743%, down 0.13%

Commodities:

Brent Oil Futures (Jan) at $81.85, up 1.54%.
Crude Oil WTI Futures (Jan) at $77.24, up 1.58%.
Gold Futures (Dec) at $1,974.65, down 0.51%.

Cryptocurrencies:

Bitcoin at $37,265.58, up 2.18%
Ethereum at $2,030.62, up 4.05%
BNB at $248.36, up 2.09%
XRP at $0.6243, up 2.37%
Solana (SOL) at $60.40, up 0.17%.

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Market Analysis



2023-11-20 07:39:55

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