World Market Trends

A sell-off in bank stocks that originated in Wall Street spilled over to other regions and other sectors and rattled stock markets worldwide. Anxiety is also writ large ahead of the release of the non-farm payrolls data from the U.S.

Asian stocks dropped heavily. European benchmarks are trading deep in the red. Wall Street Futures are also trading in negative territory.

Dollar and the Dollar Index retreated. Bond yields softened. Crude oil prices were subdued as rate hike warnings triggered demand concerns. Gold edged higher. Cryptocurrencies plunged heavily.

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

Stock Indexes:

DJIA (US30) at 32,088.00, down 0.52%
S&P 500 (US500) at 3,903.00, down 0.39%
Germany’s DAX at 15,388.95, down 1.56%
U.K.’s FTSE 100 at 7,739.57, down 1.78%
France’s CAC 40 at 7,211.55, down 1.43%
Euro Stoxx 50 at 4,219.45, down 1.56%
Japan’s Nikkei 225 at 28,143.97, down 1.67%
Australia’s S&P ASX 200 at 7,144.70, down 2.28%
China’s Shanghai Composite at 3,230.08, down 1.40%
Hong Kong’s Hang Seng at 19,319.92, down 3.04%

Currencies:

EUR/USD at 1.0593, up 0.12%
GBP/USD at 1.1976, up 0.42%
USD/JPY at 136.87, up 0.53%
AUD/USD at 0.6588, down 0.03%
USD/CAD at 1.3841, up 0.10%
Dollar Index at 105.14, down 0.16%

Ten-Year Govt Bond Yields:

U.S. at 3.863%, down 1.54%
Germany at 2.5410%, down 3.79%
France at 3.048%, down 2.96%
U.K. at 3.7495%, down 0.83%
Japan at 0.412%, up 4.97%

Commodities:

Brent Oil Futures (May) at $81.32, down 0.33%
Crude Oil WTI Futures (April) at $75.31, down 0.54%
Gold Futures (Apr) at $1,837.95, up 0.18%

Cryptocurrencies:

Bitcoin at $19,751.20, down 8.69%
Ethereum at $1,380.86, down 9.84%
BNB at $266.42, down 7.52%
XRP at $0.3602, down 8.88%
Cardano (ADA) at $0.2991, down 4.85%

Source: Read Full Article