Debt Ceiling Optimism Lifts Market Sentiment

Hopes of a resolution of the U.S. debt ceiling deadlock lifted market sentiment across markets on Thursday.

European benchmarks have surged ahead. Wall Street Futures are trading in mildly positive territory. Asian stocks finished trading on a positive note.

Dollar continued to rise, lifting the Dollar Index. Bond yields mostly moved higher. Crude oil prices declined amidst a steep rise in inventories in the U.S. Demand for safe haven gold declined on hopes of resolution of debt ceiling crisis. 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 33,422.20, up 0.00%
S&P 500 (US500) at 4,165.40, up 0.16%
Germany’s DAX at 16,215.25, up 1.65%
U.K.’s FTSE 100 at 7,772.84, up 0.64%
France’s CAC 40 at 7,467.16, up 0.92%
Euro Stoxx 50 at 4,375.55, up 1.21%
Japan’s Nikkei 225 at 30,573.93, up 1.60%
Australia’s S&P ASX 200 at 7,236.80, up 0.52%
China’s Shanghai Composite at 3,297.32, up 0.40%
Hong Kong’s Hang Seng at 19,727.25, up 0.85%

Currencies:

EUR/USD at 1.0810, down 0.28%
GBP/USD at 1.2435, down 0.42%
USD/JPY at 137.76, up 0.05%
AUD/USD at 0.6641, down 0.29%
USD/CAD at 1.3470, up 0.11%
Dollar Index at 103.11, up 0.22%

Ten-Year Govt Bond Yields:

U.S. at 3.590%, up 0.22%
Germany at 2.3990%, up 2.61%
France at 2.982%, up 2.16%
U.K. at 3.9150%, up 1.98%
Japan at 0.385%, down 0.26%

Commodities:

Brent Oil Futures (Jul) at $76.61, down 0.45%
Crude Oil WTI Futures (Jun) at $72.50, down 0.45%
Gold Futures (Jun) at $1,980.90, down 0.20%

Cryptocurrencies:

Bitcoin at $27,409.14, up 2.07%
Ethereum at $1,827.71, up 1.27%
BNB at $313.24, up 1.12%
XRP at $0.4642, up 4.51%
Cardano (ADA) at $0.3777, up 2.87%

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