US CPI Anxiety Keeps Markets On Tenterhooks

Posted on 09/19/2023

Market sentiment remained tethered to anxiety ahead of the release of the consumer price inflation data from the U.S. on Wednesday. Annual headline inflation is seen rising, whereas core inflation is expected to cool slightly. Also due for release in the current week are GDP from U.K., Industrial Production and Retail Sales from China as well as Producer Price Inflation and Retail Sales from the U.S. The European Central Bank’s interest rate decision is due on Thursday.

Wall Street Futures are trading in negative territory. European benchmarks are also trading mostly lower. Asian stock markets finished trading on a mixed note.

Dollar Index bounced back. Bond yields eased across regions. Tight supplies drove crude oil prices higher. Gold futures slipped amidst renewed Dollar strength. Cryptocurrencies rebounded.

Here is a look at world markets at this hour.

Stock Indexes:

DJIA (US30) at 34,618.00, down 0.13%
S&P 500 (US500) at 4,478.60, down 0.20%
Germany’s DAX at 15,754.65, down 0.29%
U.K.’s FTSE 100 at 7,539.49, up 0.57%
France’s CAC 40 at 7,270.75, down 0.10%
Euro Stoxx 50 at 4,249.55, down 0.11%
Japan’s Nikkei 225 at 32,790.00, up 0.97%
Australia’s S&P ASX 200 at 7,206.90, up 0.20%
China’s Shanghai Composite at 3,137.06, down 0.18%
Hong Kong’s Hang Seng at 18,023.50, down 0.41%

Currencies:

EUR/USD at 1.0713, down 0.33%
GBP/USD at 1.2464, down 0.36%
USD/JPY at 146.98, up 0.27%
AUD/USD at 0.6415, down 0.24%
USD/CAD at 1.3585, up 0.11%
Dollar Index at 104.79, up 0.22%

Ten-Year Govt Bond Yields:

U.S. at 4.282%, down 0.14%
Germany at 2.6285%, down 0.25%
France at 3.166%, down 0.28%
U.K. at 4.4690%, down 0.07%
Japan at 0.695%, down 2.18%

Commodities:

Brent Oil Futures (Nov) at $91.27, up 0.70%.
Crude Oil WTI Futures (Oct) at $88.04, up 0.86%.
Gold Futures (Dec) at $1,939.05, down 0.42%.

Cryptocurrencies:

Bitcoin at $26,253.13, up 2.15%
Ethereum at $1,616.14, up 1.75%
BNB at $213.43, up 2.65%
XRP at $0.4811, up 2.39%
Cardano (ADA) at $0.2513, up 3.97%

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