Hike rates

The Fed is going to hike rates again and that’s moving the markets

Markets reacted cautiously to the minutes of the recent Fed meeting which revealed a Fed inclined to raise rates further in order to keep inflation under control. However, the minutes also raised hopes that the Fed would slow its pace of rate hikes.

Asian stocks ended with losses. European stocks are trading higher. Wall Street futures are also in negative territory.

The Dollar Index won. Bond yields eased in the US, but firmed in other major regions. Crude oil prices rose on lower crude oil inventories in the United States. Gold gained while cryptocurrencies declined.

Here is a glimpse of the world markets at this time on stocks, currencies, bonds, commodities and cryptocurrencies.

Stock indices:

DJIA (US30) at 33,958.7, down 0.06%
S&P 500 (US500) at 4,272.8, down 0.03%
German DAX at 13,738.85, up 0.82%
UK FTSE 100 at 7,515.95, up 0.00%
The French CAC 40 at 6,561.75, up 0.51%
Euro Stoxx 50 at 3,770.85, up 0.39%
Japan’s Nikkei 225 at 28,942.14, down 0.96%
Australian S&P ASX 200 at 7,112.80, down 0.21%
Shanghai Chinese Composite at 3,277.54, down 0.46%
Hong Kong’s Hang Seng at 19,763.91, down 0.80%

Currencies:

EURUSD at 1.0162, down 0.18%
GBPUSD at 1.2046, down 0.01%
USDJPY at 135.32, up 0.23%
AUDUSD at 0.6940, up 0.12%
USDCAD at 1.2908, down 0.01%
Dollar Index at 106.80, up 0.21%

Ten-year government bond yields:

United States at 2.888%, down 0.25%
Germany at 1.1185%, up 3.47%
France at 1.686%, up 1.81%
UK at 2.3290%, up 1.75%
Japan at 0.197%, down 0.51%

Amenities:

WTI Crude Oil Futures (Sep) at $89.39, up 1.45%
Brent oil futures (October) at $95.27, up 1.73%
Gold futures (December) at $1,779.75, up 0.17%

Cryptocurrencies:

Bitcoin at $23,458.38, down 1.48%
Ethereum at $1,847.55, down 2.30%
BNB at $308.07, down 2.50%
XRP at $0.3773, down 0.17%
Cardano at $0.5403, down 3.10%

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