Markets Attempt A Rebound

Prospects of a short-term funding for the government that could help avert a looming federal shutdown helped sentiment rebound in equity markets in the U.S. Lower than expected readings of consumer confidence and new home sales from the U.S. supported an easing in bond yields that boosted sentiment.

Wall Street Futures rebounded. Most European benchmarks are trading in the green zone. Asian stocks finished on a mixed note.

Interest rate worries continued to lift the Dollar and the Dollar Index. Bond yields eased across regions and tenors. Supply tightness dominated crude oil market sentiment, lifting prices. Gold continued to decline amidst rate hike fears. Cryptocurrencies are trading mostly lower.

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

Stock Indexes:

DJIA (US30) at 33,733.80, up 0.34%
S&P 500 (US500) at 4,292.90, up 0.45%
Germany’s DAX at 15,265.65, up 0.06%
U.K.’s FTSE 100 at 7,629.32, up 0.05%
France’s CAC 40 at 7,093.26, up 0.27%
Euro Stoxx 50 at 4,143.75, up 0.35%
Japan’s Nikkei 225 at 32,330.50, down 0.09%
Australia’s S&P ASX 200 at 7,030.30, down 0.11%
China’s Shanghai Composite at 3,107.32, up 0.16%
Hong Kong’s Hang Seng at 17,552.50, up 0.44%

Currencies:

EUR/USD at 1.0558, down 0.11%
GBP/USD at 1.2149, down 0.07%
USD/JPY at 149.09, up 0.03%
AUD/USD at 0.6379, down 0.27%
USD/CAD at 1.3526, up 0.08%
Dollar Index at 106.28, up 0.05%

Ten-Year Govt Bond Yields:

U.S. at 4.504%, down 1.30%
Germany at 2.7810%, down 0.64%
France at 3.335%, down 0.74%
U.K. at 4.3230%, down 0.16%
Japan at 0.725%, down 2.09%

Commodities:

Brent Oil Futures (Dec) at $93.09, up 0.71%.
Crude Oil WTI Futures (Nov) at $91.37, up 1.08%.
Gold Futures (Dec) at $1,914.05, down 0.30%.

Cryptocurrencies:

Bitcoin at $26,241.93, down 0.11%
Ethereum at $1,591.52, up 0.12%
BNB at $212.64, down 0.09%
XRP at $0.4982, down 0.26%
Cardano (ADA) at $0.2445, down 0.58%.

Source: Read Full Article