Markets Digest The Fed's Hints From Jackson Hole

Market sentiment remains tethered to the monetary policy outlook implied in Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium.

Wall Street Futures are trading with mild gains. European benchmarks are also trading in the green zone. Asian stock markets finished on a positive note.

Dollar Index remains firm as rate hike fears lifted the U.S. dollar. Bond yields are moving mixed. Crude oil prices were dragged down by rate hike worries. Gold prices edged up. Cryptocurrencies declined.

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

Stock Indexes:

DJIA (US30) at 34,434.50, up 0.26%
S&P 500 (US500) at 4,414.10, up 0.19%
Germany’s DAX at 15,706.15, up 0.48%
U.K.’s FTSE 100 at 7,338.58, up 0.07%
France’s CAC 40 at 7,274.96, up 0.63%
Euro Stoxx 50 at 4,263.65, up 0.68%
Japan’s Nikkei 225 at 32,197.50, up 1.80%
Australia’s S&P ASX 200 at 7,159.80, up 0.63%
China’s Shanghai Composite at 3,098.64, up 1.13%
Hong Kong’s Hang Seng at 18,120.50, up 0.94%

Currencies:

EUR/USD at 1.0808, up 0.07%
GBP/USD at 1.2586, up 0.07%
USD/JPY at 146.50, up 0.06%
AUD/USD at 0.6414, up 0.22%
USD/CAD at 1.3598, down 0.03%
Dollar Index at 104.10, up 0.02%

Ten-Year Govt Bond Yields:

U.S. at 4.235%, down 0.16%
Germany at 2.5680%, up 0.47%
France at 3.091%, up 0.06%
U.K. at 4.4865%, up 0.89%
Japan at 0.651%, down 2.25%

Commodities:

Brent Oil Futures (Nov) at $83.64, down 0.37%.
Crude Oil WTI Futures (Oct) at $79.67, down 0.20%.
Gold Futures (Dec) at $1,942.05, up 0.11%.

Cryptocurrencies:

Bitcoin at $25,939.67, down 0.48%
Ethereum at $1,636.42, down 0.83%
BNB at $216.59, down 0.20%
XRP at $0.5158, down 2.21%
Cardano (ADA) at $0.2599, down 1.44%

Source: Read Full Article