World Market Trends

World markets surged ahead on Thursday amidst hopes that the much- expected softening in inflation in the U.S. would provide the Fed with sufficient headroom to go soft on interest rates. Inflation readings for the month of December are due at 8.30 a.m. ET.

Asian stocks finished higher. European benchmarks are trading in positive territory. Wall Street Futures are in mild negative territory and reflect anxiety ahead of the crucial data release.

The Dollar Index retreated ahead of the release of CPI readings. Bond yields continued to ease in most major regions. Positive demand outlook for China buoyed crude oil prices. Gold extended gains. Cryptocurrencies surged ahead.

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

Stock Indexes:

DJIA (US30) at 33,952.90, down 0.06%
S&P 500 (US500) at 3,965.60, down 0.10%
Germany’s DAX at 15,031.65, up 0.56%
U.K.’s FTSE 100 at 7,771.17, up 0.60%
France’s CAC 40 at 6,966.42, up 0.61%
Euro Stoxx 50 at 4,120.65, up 0.51%
Japan’s Nikkei 225 at 26,449.82, up 0.01%
Australia’s S&P ASX 200 at 7,280.40, up 1.18%
China’s Shanghai Composite at 3,163.45, up 0.05%
Hong Kong’s Hang Seng at 21,514.10, up 0.36%

Currencies:

EURUSD at 1.0759, up 0.04%
GBPUSD at 1.2159, up 0.14%
USDJPY at 131.04, down 1.08%
AUDUSD at 0.6906, up 0.0.09%
USDCAD at 1.3429, up 0.05%
Dollar Index at 103.05, down 0.13%

Ten-Year Govt Bond Yields:

U.S. at 3.548%, down 0.22%
Germany at 2.1655%, down 0.89%
France at 2.651%, down 1.01%
U.K. at 3.4155%, up 0.16%
Japan at 0.507%, up 0.40%

Commodities:

Brent Oil Futures (Mar) at $83.52, up 1.03%
Crude Oil WTI Futures (Feb) at $78.19, up 1.01%
Gold Futures (Feb) at $1,886.50, up 0.40%

Cryptocurrencies:

Bitcoin at $18,145.62, up 3.94%
Ethereum at $1,397.13, up 4.59%
BNB at $282.28, up1.48%
XRP at $0.3715, up 2.06%
Cardano (ADA) at $0.3214, up 1.86%

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