Fedspeak, Russian Oil Ban Fears, Ukraine Deadlock Drive World Markets

Here is a snapshot of the global markets across stocks, currencies, bonds, commodities and cryptocurrencies.

Hawkish comments from the Fed, absence of positive cues from the battlefront and negotiating table as well as likelihood of further sanctions on Russia impacted market sentiment. Asian stocks finished with gains. European benchmarks also gained from Monday’s levels. American stock futures indicate mild gains on opening. The Dollar Index cooled after surging to 98.96. Bond yields surged after the Fed Chief hinted of a faster rate hike to counter inflation. Crude prices remained volatile amidst anxiety over whether EU would enforce a ban on Russian oil. Gold eased marginally but traded between $1,922 and $1,939. Cryptocurrencies gained substantially.

Stock Indexes:

DJIA (US30) at 34,696.20, up 0.41%
S&P 500 (US500) at 4,478.50 up 0.39%
Germany’s DAX at 14,478.06, up 1.05%
U.K.’s FTSE 100 at 7,485.66, up 0.58%
France’s CAC 40 at 6,637.62, up 0.84%
Euro Stoxx 50 at 3,918.75, up 0.95%
Japan’s Nikkei 225 at 27,224.11, up 1.48%
Australia’s S&P ASX 200 at 7,341.10, up 0.86%
China’s Shanghai Composite at 3,259.86, up 0.19%
Hong Kong’s Hang Seng at 21,889.28, up 3.15%

Currencies:

EURUSD at 1.1006, down 0.07%
GBPUSD at 1.3181 up 0.12%
USDJPY at 120.44, up 0.82%
AUDUSD at 0.7408, up 0.11%
USDCAD at 1.2609, up 0.14%
Dollar Index at 98.64, up 0.14%

Ten-Year Govt Bond Yields:

U.S. at 2.342%, up 1.10%
Germany at 0.5005%, up 12.22%
France at 0.958%, up 5.92%
U.K. at 1.6745%, up 2.23%
Japan at 0.216%, down 1.82%

Commodities:

Crude Oil WTI Futures (May) at $108.97, down 0.91%
Brent Oil Futures (May) at $114.82, down 0.69%
Gold Futures (April) at $1,923.50, down 0.31%

Cryptocurrencies:

Bitcoin at $42,519.26, up 3.00%
Ethereum at $3,013.17, up 4.47%
BNB at $405.91, up 3.39%
XRP at $0.8497, up 5.03%
Terra at $93.86, down 2.74%

Source: Read Full Article