{"id":134828,"date":"2023-09-28T09:39:12","date_gmt":"2023-09-28T09:39:12","guid":{"rendered":"https:\/\/finbestnews.com\/?p=134828"},"modified":"2023-09-28T09:39:12","modified_gmt":"2023-09-28T09:39:12","slug":"markets-digest-the-feds-rate-hike-hints","status":"publish","type":"post","link":"https:\/\/finbestnews.com\/business\/markets-digest-the-feds-rate-hike-hints\/","title":{"rendered":"Markets Digest The Fed's Rate Hike Hints"},"content":{"rendered":"
Fed keeping rates on hold and also implying another rate hike for the year swayed market sentiment across asset classes and regions. Meanwhile, central banks of Sweden and Norway raised rates by 25 basis points whereas the Swiss National Bank opted for a pause. The Bank of England’s decision is awaited.<\/p>\n
Wall Street Futures are trading in negative territory. European equities are trading with deep cuts, weighed down by the Fed’s guidance on rate hikes. Asian stock markets<\/span> too witnessed heavy sell-off. <\/p>\n Dollar Index gained amidst the Fed’s hawkish cues. Bond yields hardened, factoring in the expectations of further tightening. Fears of higher interest rates dragged down crude oil prices. Gold tumbled in response to the Fed’s rate hike warnings. Cryptocurrencies are mostly trading lower. <\/p>\n Here is a snapshot of the major world markets at this hour. <\/p>\n Stock Indexes:<\/p>\n DJIA (US30) at 34,348.70, down 0.27% Currencies:<\/p>\n EUR\/USD at 1.0663, up 0.04% Ten-Year Govt Bond Yields:<\/p>\n U.S. at 4.441%, up 2.17% Commodities:<\/p>\n Brent Oil Futures (Nov) at $92.62, down 0.97%. Cryptocurrencies: <\/p>\n Bitcoin at $26,937.33, down 0.76%
S&P 500 (US500) at 4,384.10, down 0.41%
Germany’s DAX at 15,641.05, down 0.89%
U.K.’s FTSE 100 at 7,682.78, down 0.63%
France’s CAC 40 at 7,240.56, down 1.23%
Euro Stoxx 50 at 4,227.95, down 1.12%
Japan’s Nikkei 225 at 32,619.00, down 1.22%
Australia’s S&P ASX 200 at 7,065.20, down 1.37%
China’s Shanghai Composite at 3,084.70, down 0.77%
Hong Kong’s Hang Seng at 17,627.50, down 1.45% <\/p>\n
GBP\/USD at 1.2302, down 0.34%
USD\/JPY at 148.22, down 0.07%
AUD\/USD at 0.6404, down 0.64%
USD\/CAD at 1.3495, up 0.26%
Dollar Index at 105.47, up 0.30% <\/p>\n
Germany at 2.7485%, up 1.68%
France at 3.284%, up 1.45%
U.K. at 4.3280%, up 2.66%
Japan at 0.730%, down 2.21% <\/p>\n
Crude Oil WTI Futures (Nov) at $88.77, down 0.99%.
Gold Futures (Dec) at $1,942.55, down 1.25%.<\/p>\n
Ethereum at $1,617.61, down 1.13%
BNB at $212.98, down 1.81%
XRP at $0.5087, down 1.44%
Dogecoin (DOGE) at $0.0625, up 0.04% <\/p>\n