Markets Panic As Central Banks Firm On Inflation Control

Major stock market barometers worldwide drifted into panic mode as a renewed commitment by central banks to tame sticky inflation sent equity benchmarks tumbling. Asia and Europe traded in the red while the Wall Street Futures are also in negative territory.

On the data horizon are the PCE readings, a key inflation gauge, due from the U.S. on Thursday.

The Dollar Index hovered near the 105 level. Bonds rallied. Oil edged up amidst supply concerns. Gold edged down. Cryptocurrencies continued to fall.

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

Stock Indexes:

DJIA (US30) at 30,748.00, down 0.91%
S&P 500 (US500) at 3,774.40, down 1.16%
Germany’s DAX at 12,748.29, down 1.96%
U.K.’s FTSE 100 at 7,200.33, down 1.53%
France’s CAC 40 at 5,912.78, down 1.97%
Euro Stoxx 50 at 3,450.35, down 1.82%
Japan’s Nikkei 225 at 26,393.04, down 1.54%
Australia’s S&P ASX 200 at 6,568.10, down 1.97%
China’s Shanghai Composite at 3,398.62, up 1.10%
Hong Kong’s Hang Seng at 21,867.50, down 0.59%

Currencies:

EURUSD at 1.0445, up 0.06%
GBPUSD at 1.2156, up 0.26%
USDJPY at 136.22, down 0.27%
AUDUSD at 0.6890, up 0.14%
USDCAD at 1.2904, up 0.10%
Dollar Index at 105.05, down 0.06%

Ten-Year Govt Bond Yields:

U.S. at 3.057%, down 1.15%
Germany at 1.4275%, down 5.21%
France at 1.980%, down 3.53%
U.K. at 2.3525%, down 1.16%
Japan at 0.221%, down 3.91%

Commodities:

Crude Oil WTI Futures (Aug) at $109.97, up 0.17%
Brent Oil Futures (Sep) at $112.75, up 0.27%
Gold Futures (Aug) at $1,815.80, down 0.09%

Cryptocurrencies:

Bitcoin at $19,402.70, down 3.37%
Ethereum at $1,056.14, down 6.53%
BNB at $210.41, down 4.53%
XRP at $0.3175, down 4.20%
Cardano at $0.4502, down 4.19%

Source: Read Full Article