Dollar Surges, Yields Soar, Stocks Sober, Cryptos Rebound – Market Trends

The Dollar Index spiked to a 2-year high of 101.02, amidst the Dollar hitting a 20-year high of 128.46 against the yen. Bond yields surged across tenors and geographies, pricing in the fears of a rapid interest rate lift-off by the Fed.

Asian stocks finished mixed. European markets are trading lower. American stock futures indicate mild losses on opening, as the earnings season kicks in. Crude prices ranged between $110.71 and $114.84. Gold dropped as the Dollar rallied to a two-year high. Cryptocurrencies rebounded.

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

Stock Indexes:

DJIA (US30) at 34,355.70, down 0.16%
S&P 500 (US500) at 4,383.30 down 0.19%
Germany’s DAX at 14,040.04, down 0.87%
U.K.’s FTSE 100 at 7,589.40, down 0.35%
France’s CAC 40 at 6,522.19, down 1.02%
Euro Stoxx 50 at 3,807.05, down 1.08%
Japan’s Nikkei 225 at 26,985.09, up 0.69%
Australia’s S&P ASX 200 at 7,565.20, up 0.56%
China’s Shanghai Composite at 3,194.03, down 0.05%
Hong Kong’s Hang Seng at 21,027.76, down 2.28%

Currencies:

EURUSD at 1.0795, up 0.14%
GBPUSD at 1.3022 up 0.11%
USDJPY at 128.25, up 1.00%
AUDUSD at 0.7369, up 0.32%
USDCAD at 1.2596, down 0.15%
Dollar Index at 100.87, up 0.09%

Ten-Year Govt Bond Yields:

U.S. at 2.892%, up 1.03%
Germany at 0.9160%, up 9.05%
France at 1.389%, up 3.35%
U.K. at 1.9860%, up 5.08%
Japan at 0.242%, down 1.43%

Commodities:

Crude Oil WTI Futures (May) at $105.97, down 1.52%
Brent Oil Futures (June) at $111.61, down 1.37%
Gold Futures (Jun) at $1,980.50, down 0.30%

Cryptocurrencies:

Bitcoin at $40,658.75, up 4.40%
Ethereum at $3,037.63, up 4.62%
BNB at $420.21, up 4.89%
XRP at $0.76, up 3.10%
Solana at $101.80, up 6.16%

Source: Read Full Article