Fed Hint Pushes Markets Higher; Cryptos Rebound; Dollar Index Edges Down

Equity markets rallied worldwide on Friday as comments by the Fed Chair on Thursday that it was not actively considering 75-basis points rate hikes in June and July, soothed nerves. Cryptos too recovered a portion of the recent losses, triggering the risk-on sentiment.

Asian markets closed with gains. European markets are trading in positive territory. Wall Street futures are also trading in the green zone. The Dollar Index is not far from the fresh 20-year peak scaled on Thursday. Bond yields however increased across tenors and geographies. Crude prices moved higher but a strong dollar and OPEC cutting oil demand forecast, limited gains. Gold edged down amidst the Dollar’s surge. Cryptocurrencies rebounded.

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

Stock Indexes:

DJIA (US30) at 31,949.50, up 0.69%
S&P 500 (US500) at 3,970.80 up 1.04%
Germany’s DAX at 13,913.91, up 1.27%
U.K.’s FTSE 100 at 7,345.40, up 1.55%
France’s CAC 40 at 6,298.04, up 1.48%
Euro Stoxx 50 at 3,661.55, up 1.33%
Japan’s Nikkei 225 at 26,427.65, up 2.64%
Australia’s S&P ASX 200 at 7,075.10, up 1.93%
China’s Shanghai Composite at 3,084.28, up 0.96%
Hong Kong’s Hang Seng at 19,898.77, up 2.67%


EURUSD at 1.0382, up 0.03%
GBPUSD at 1.2184 down 0.12%
USDJPY at 128.88, up 0.43%
AUDUSD at 0.6879, up 0.36%
USDCAD at 1.3011, down 0.25%
Dollar Index at 104.81, down 0.04%

Ten-Year Govt Bond Yields:

U.S. at 2.904%, up 3.09%
Germany at 0.8850%, up 1.61%
France at 1.401%, up 0.90%
U.K. at 1.7220%, up 3.24%
Japan at 0.241%, up 0.42%


Crude Oil WTI Futures (Jun) at $107.10, up 0.91%
Brent Oil Futures (Jul) at $108.67, up 1.14%
Gold Futures (Jun) at $1,823.36, down 0.07%


Bitcoin at $30,600.00, up 9.41%
Ethereum at $2,087.10, up 10.04%
BNB at $305.08, up 21.55%
XRP at $0.4496, up 21.17%
Cardano at $0.5877, up 34.61%

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