Markets Recede On Recession Fears

Renewed fears of recession derailing the economy dampened market sentiment across regions and asset classes. Investor sentiment was spooked following warnings from chiefs of major investment banks about the U.S slipping into recession in 2023 and the likely spillover effects.

Asian stocks finished trading with losses. European benchmarks are also trading mostly lower. Wall Street Futures have also edged lower.

Dollar Index hovered close to the flatline. Bond yields moved mixed. Crude oil prices dropped as economic uncertainty overshadowed supply concerns. Gold gained mildly. Cryptocurrencies mostly traded in negative territory.

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

Stock Indexes:

DJIA (US30) at 33,550.80, down 0.14%
S&P 500 (US500) at 3,932.10, down 0.23%
Germany’s DAX at 14,265.75, down 0.54%
U.K.’s FTSE 100 at 7,506.95, down 0.19%
France’s CAC 40 at 6,651.37, down 0.54%
Euro Stoxx 50 at 3,918.25, down 0.53%
Japan’s Nikkei 225 at 27,686.40, down 0.72%
Australia’s S&P ASX 200 at 7,229.40, down 0.85%
China’s Shanghai Composite at 3,199.62, down 0.40%
Hong Kong’s Hang Seng at 18,814.82, down 3.22%

Currencies:

EURUSD at 1.0491, up 0.21%
GBPUSD at 1.2153, up 0.13%
USDJPY at 137.52, up 0.35%
AUDUSD at 0.6673, down 0.28%
USDCAD at 1.3690, up 0.29%
Dollar Index at 105.50, down 0.07%

Ten-Year Govt Bond Yields:

U.S. at 3.531%, up 0.52%
Germany at 1.7905%, down 0.47%
France at 2.253%, up 0.07%
U.K. at 3.1170%, up 1.17%
Japan at 0.245%, down 2.00%

Commodities:

Brent Oil Futures (Feb) at $78.58, down 0.97%
Crude Oil WTI Futures (Jan) at $73.52, down 0.98%
Gold Futures (Feb) at $1,784.60, up 0.12%

Cryptocurrencies:

Bitcoin at $16,825.00, down 0.97%
Ethereum at $1,229.73, down 2.23%
BNB at $283.79, down 1.61%
XRP at $0.3797, down 1.07%
Dogecoin (DOGE) at $0.09613, down 4.29%

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