Major Markets Rebound After FOMC Minutes

Asian stock markets rallied modestly. European stocks are trading higher. The Wall Street Futures are also trading in positive territory. Major stock market benchmarks in the U.S. had closed with gains on Wednesday after the release of the FOMC minutes, despite an apparent willingness by the Fed to brace for more economic pain in order to tame persisting inflation.

The Dollar Index retreated mildly after gains in the two previous sessions. Bond yields jumped amidst fears of a front-loaded interest rate trajectory. Crude Oil prices recovered slightly after sharp losses in the previous two sessions. Gold edged up. Cryptocurrencies extended gains.

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

Stock Indexes:

DJIA (US30) at 31,129.10, up 0.29%
S&P 500 (US500) at 3,857.30, up 0.32%
Germany’s DAX at 12,800.16, up 1.63%
U.K.’s FTSE 100 at 7,165.81, up 0.82%
France’s CAC 40 at 5,999.77, up 1.48%
Euro Stoxx 50 at 3,474.75, up 1.55%
Japan’s Nikkei 225 at 26,490.53, up 1.47%
Australia’s S&P ASX 200 at 6,648.00, up 0.81%
China’s Shanghai Composite at 3,364.40, up 0.27%
Hong Kong’s Hang Seng at 21,620.00, up 0.15%

Currencies:

EURUSD at 1.0192, up 0.11%
GBPUSD at 1.1960, up 0.25%
USDJPY at 136.09, up 0.11%
AUDUSD at 0.6813, up 0.56%
USDCAD at 1.3018, down 0.13%
Dollar Index at 107.03, down 0.06%

Ten-Year Govt Bond Yields:

U.S. at 2.954%, up 1.47%
Germany at 1.2770%, up 5.62%
France at 1.849%, up 4.73%
U.K. at 2.1530%, up 2.97%
Japan at 0.245%, up 0.00%

Commodities:

Crude Oil WTI Futures (Aug) at $98.30, down 0.23%
Brent Oil Futures (Sep) at $100.44, down 0.25%
Gold Futures (Aug) at $1,739.70, up 0.18%

Cryptocurrencies:

Bitcoin at $20,410.78, up 1.07%
Ethereum at $1,175.14, up 2.97%
BNB at $236.97, up 0.81%
XRP at $0.3303, up 2.23%
Cardano at $0.4657, up 1.68%

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