{"id":134953,"date":"2023-10-02T21:27:14","date_gmt":"2023-10-02T21:27:14","guid":{"rendered":"https:\/\/allmybiznews.com\/?p=134953"},"modified":"2023-10-02T21:27:14","modified_gmt":"2023-10-02T21:27:14","slug":"markets-worry-about-higher-for-longer-interest-rates","status":"publish","type":"post","link":"https:\/\/allmybiznews.com\/business\/markets-worry-about-higher-for-longer-interest-rates\/","title":{"rendered":"Markets Worry About Higher-for-longer Interest Rates"},"content":{"rendered":"
Interest rates remaining higher for longer than expected, weighed on market sentiment across assets and regions. The dollar touched 10-month highs, amidst hawkish hints from Fed officials. Fears of a U.S. govt shutdown also weighed on sentiment.<\/p>\n
Wall Street Futures imply losses on reopen. Most European benchmarks are trading in the red zone ahead of inflation updates from the region. Asian stocks finished lower as concerns related to China’s property sector mounted. <\/p>\n
Rate hike fears and hawkish Fedspeak lifted the Dollar and the Dollar Index rose to levels last seen in November 2022. Bond yields are moving in a mixed fashion after touching multi-year highs. Crude oil prices suffered heavily amidst concerns about high interest rates weighing on demand outlook. Gold traded lower amidst the Dollar’s resurgence. Cryptocurrencies are trading in positive territory. <\/p>\n
Here is a snapshot of the major world markets<\/span> at this hour. <\/p>\n Stock Indexes:<\/p>\n DJIA (US30) at 33,858.10, down 0.44% Currencies:<\/p>\n EUR\/USD at 1.0601, up 0.10% Ten-Year Govt Bond Yields:<\/p>\n U.S. at 4.512%, down 0.75% Commodities:<\/p>\n Brent Oil Futures (Dec) at $90.97, down 0.99%. Cryptocurrencies: <\/p>\n Bitcoin at $26,249.15, up 0.44%.
S&P 500 (US500) at 4,314.70, down 0.52%
Germany’s DAX at 15,293.85, down 0.72%
U.K.’s FTSE 100 at 7,620.39, down 0.05%
France’s CAC 40 at 7,066.07, down 0.81%
Euro Stoxx 50 at 4,128.55, down 0.93%
Japan’s Nikkei 225 at 32,359.00, down 1.06%
Australia’s S&P ASX 200 at 7,038.20, down 0.54%
China’s Shanghai Composite at 3,102.27, down 0.43%
Hong Kong’s Hang Seng at 17,475.00, down 1.43% <\/p>\n
GBP\/USD at 1.2190, down 0.17%
USD\/JPY at 148.91, up 0.02%
AUD\/USD at 0.6413, down 0.16%
USD\/CAD at 1.3484, up 0.22%
Dollar Index at 105.96, down 0.03% <\/p>\n
Germany at 2.7895%, up 0.02%
France at 3.344%, up 0.09%
U.K. at 4.3580%, up 0.69%
Japan at 0.726%, down 2.48% <\/p>\n
Crude Oil WTI Futures (Nov) at $88.74, down 1.05%.
Gold Futures (Dec) at $1,932.00, down 0.24%.<\/p>\n
Ethereum at $1,588.37, up 0.66%.
BNB at $212.62, up 1.71%.
XRP at $0.4994, up 0.96%.
Cardano (ADA) at $0.2458, up 0.42%. <\/p>\n