Crude Prices Rise As Saudi Arabia Hikes Oil Prices

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

Crude oil prices jumped after Saudi Arabia increased the prices of oil. Markets in the meanwhile, brace for the ECB’s rate decision on Thursday and the inflation data release from the U.S. on Friday. Investors also reacted to reports of possible U.S. tariff cut on goods from China, aimed at taming inflation.

Asian markets finished mostly higher. European equity markets are trading higher. Wall Street Futures are also in positive territory. The Dollar Index retreated. Bond yields surged across tenors and geographies. Crude Oil prices increased after Saudi Arabi increased prices. Gold edged up. Cryptocurrencies rebounded.

Stock Indexes:

DJIA (US30) at 33,136.90, up 0.72%
S&P 500 (US500) at 4,146.90, up 0.93%
Germany’s DAX at 14,600.62, up 0.97%
U.K.’s FTSE 100 at 7,638.52, up 1.40%
France’s CAC 40 at 6,560.61, up 1.16%
Euro Stoxx 50 at 3,832.85, up 1.30%
Japan’s Nikkei 225 at 27,915.89, up 0.56%
Australia’s S&P ASX 200 at 7,206.30, down 0.45%
China’s Shanghai Composite at 3,236.37, up 1.28%
Hong Kong’s Hang Seng at 21,653.90, up 2.71%

Currencies:

EURUSD at 1.0746, up 0.26%
GBPUSD at 1.2570, up 0.68%
USDJPY at 130.74, down 0.10%
AUDUSD at 0.7228, up 0.31%
USDCAD at 1.2559, down 0.27%
Dollar Index at 101.88, down 0.25%

Ten-Year Govt Bond Yields:

U.S. at 2.959%, up 0.13%
Germany at 1.2900%, up 1.42%
France at 1.813%, up 0.69%
U.K. at 2.2150%, up 2.83%
Japan at 0.236%, up 0.64%

Commodities:

Crude Oil WTI Futures (Jul) at $119.33, up 0.39%
Brent Oil Futures (Aug) at $120.12, up 0.33%
Gold Futures (Aug) at $1,854.30, up 0.22%

Cryptocurrencies:

Bitcoin at $31,402.83, up 5.84%
Ethereum at $1,899.20, up 6.20%
BNB at $310.63, up 4.33%
Cardano at $0.6332, up 12.59%
XRP at $0.4047, up 3.01%

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