Markets Brace For U.S. CPI Uptick

Market sentiment turned cautious ahead of the update to the CPI readings from the U.S. The expected uptick in inflation has markets worried about the Fed keeping interest rates higher for longer. Anxiety also lingered as the ECB is set to review interest rates in its meeting on Thursday.

Wall Street Futures are trading in negative territory. European benchmarks are also trading deep in the red. Asian stock markets had earlier finished trading on a negative note.

Dollar Index edged higher. Bond yields hardened across regions. Supply concerns lifted crude oil prices to near 10-month highs. Gold futures slipped amidst rising bond yields and strong Dollar. Cryptocurrencies are trading well above the flatline.

Here is a snapshot of world markets at this hour.

Stock Indexes:

DJIA (US30) at 34,606.80, down 0.11%
S&P 500 (US500) at 4,457.20, down 0.11%
Germany’s DAX at 15,607.15, down 0.69%
U.K.’s FTSE 100 at 7,512.95, down 0.19%
France’s CAC 40 at 7,210.98, down 0.58%
Euro Stoxx 50 at 4,211.15, down 0.73%
Japan’s Nikkei 225 at 32,715.00, down 0.23%
Australia’s S&P ASX 200 at 7,153.90, down 0.74%
China’s Shanghai Composite at 3,123.07, down 0.45%
Hong Kong’s Hang Seng at 18,010.00, down 0.07%


EUR/USD at 1.0730, down 0.20%
GBP/USD at 1.2465, down 0.15%
USD/JPY at 147.37, up 0.19%
AUD/USD at 0.6411, down 0.20%
USD/CAD at 1.3560, up 0.05%
Dollar Index at 104.79, up 0.07%

Ten-Year Govt Bond Yields:

U.S. at 4.307%, up 0.99%
Germany at 2.6730%, up 1.21%
France at 3.216%, up 1%
U.K. at 4.4630%, up 1.06%
Japan at 0.698%, down 1.62%


Brent Oil Futures (Nov) at $92.58, up 0.56%.
Crude Oil WTI Futures (Oct) at $89.38, up 0.61%.
Gold Futures (Dec) at $1,933.95, down 0.06%.


Bitcoin at $25,984.65, up 0.75%
Ethereum at $1,594.89, up 0.99%
BNB at $211.47, up 0.93%
XRP at $0.4789, up 1.19%
Cardano (ADA) at $0.2472, up 0.50%

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