Stock Rebound, Crude Oil Price Drop, Weak Dollar Index, OPEC+ Meet – Market Trends At This Hour

A fall in the crude oil prices ahead of the OPEC+ meeting moderated inflation concerns whilst also dragging down energy stocks. Crude oil prices dropped amidst hints that Saudi Arabia could agree to a hike in output if Russian output declined because of the E.U. ban.

Asian markets finished mostly lower. European equity markets are trading higher. Wall Street Futures are also in mildly positive territory. The Dollar Index struggled for strength. Bond yields dropped in the U.S., but surged in Europe. Crude Oil prices slumped. Gold edged up as the Dollar retreated. Cryptocurrencies plunged again.

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

Stock Indexes:

DJIA (US30) at 32,912.60, up 0.30%
S&P 500 (US500) at 4,116.50, up 0.37%
Germany’s DAX at 14,447.41, up 0.75%
U.K.’s FTSE 100 at 7,532.95, down 0.98% (June, 1)
France’s CAC 40 at 6,482.74, up 0.99%
Euro Stoxx 50 at 3,785.55, up 0.69%
Japan’s Nikkei 225 at 27,413.88, down 0.16%
Australia’s S&P ASX 200 at 7,175.90, down 0.80%
China’s Shanghai Composite at 3,195.46, up 0.42%
Hong Kong’s Hang Seng at 21,082.13, down 1.00%

Currencies:

EURUSD at 1.0684, up 0.36%
GBPUSD at 1.2537, up 0.44%
USDJPY at 129.74, down 0.29%
AUDUSD at 0.7189, up 0.20%
USDCAD at 1.2657, up 0.01%
Dollar Index at 102.23, down 0.26%

Ten-Year Govt Bond Yields:

U.S. at 2.930%, down 0.05%
Germany at 1.2055%, up 2.25%
France at 1.726%, up 1.80%
U.K. at 2.1650%, up 0.51%
Japan at 0.236%, down 1.67%

Commodities:

Crude Oil WTI Futures (Jul) at $112.85, down 2.09%
Brent Oil Futures (Aug) at $113.69, down 2.24%
Gold Futures (Aug) at $1,855.45, up 0.37%

Cryptocurrencies:

Bitcoin at $29,947.72, down 5.28%
Ethereum at $1,824.08, down 5.72%
BNB at $303.64, down 4.74%
Cardano at $0.5804, down 4.99%
XRP at $0.396, down 4.94%

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