Markets Muted Amidst Weak PMI Readings

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Cautious sentiment prevailed across asset classes as weak PMI readings from Europe and China added to concerns about the health of the global economy. Markets in the meanwhile, wait for monetary policy cues from Fed speakers as well as economic data releases lined up for the week.

Wall Street Futures are trading directionless. European benchmarks are trading mostly lower amidst weak PMI readings from the region. Asian stock markets finished trading on a predominantly negative note, amidst the Caixin Services PMI from China delivering a negative surprise.

Dollar Index surged as risk-off sentiment deepened amidst weak PMI readings from Europe and China. Bond yields mostly hardened. Crude oil prices declined as China worries were compounded with data showing weak services sector activity. Gold futures declined amidst the Dollar’s strength. Cryptocurrencies are trading mixed.

This is how the world markets spanning stocks, currencies, bonds, commodities and cryptocurrencies are trading at this hour.

Stock Indexes:

DJIA (US30) at 34,841.00, up 0.01%
S&P 500 (US500) at 4,510.90, down 0.11%
Germany’s DAX at 15,801.05, down 0.15%
U.K.’s FTSE 100 at 7,461.41, up 0.12%
France’s CAC 40 at 7,255.63, down 0.33%
Euro Stoxx 50 at 4,273.15, down 0.13%
Japan’s Nikkei 225 at 32,989.50, up 0.27%
Australia’s S&P ASX 200 at 7,314.30, down 0.06%
China’s Shanghai Composite at 3,154.37, down 0.71%
Hong Kong’s Hang Seng at 18,422.00, down 2.28%

Currencies:

EUR/USD at 1.0747, down 0.44%
GBP/USD at 1.2558, down 0.50%
USD/JPY at 147.26, up 0.55%
AUD/USD at 0.6372, down 1.32%
USD/CAD at 1.3651, up 0.45%
Dollar Index at 104.63, up 0.37%

Ten-Year Govt Bond Yields:

U.S. at 4.225%, up 1.21%
Germany at 2.6005%, up 0.91%
France at 3.123%, up 0.56%
U.K. at 4.5285%, up 1.44%
Japan at 0.649%, down 1.14%

Commodities:

Brent Oil Futures (Nov) at $88.32, down 0.76%.
Crude Oil WTI Futures (Oct) at $85.21, down 0.40%.
Gold Futures (Dec) at $1,956.65, down 0.53%.

Cryptocurrencies:

Bitcoin at $25,775.95, down 0.60%
Ethereum at $1,634.69, down 0.04%
BNB at $215.46, up 0.55%
XRP at $0.5044, up 0.25%
Cardano (ADA) at $0.2568, up 0.26%

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