The turmoil in the U.S. banking sector and the rescue measures dominated market sentiment across regions and asset classes. Markets speculated the prospect of softer rate hikes but anxiety ahead of the release of the CPI numbers for February on Tuesday kept sentiment in check.
Asian stocks finished on a mixed note. European benchmarks are trading deep in the red. Wall Street Futures are also trading in negative territory.
Dollar and the Dollar Index retreated. Bonds rallied. Crude oil prices plunged following reports that the Biden administration would be approving a major oil drilling project in Alaska. Gold and Cryptocurrencies rallied on hopes of a softer Fed.
Here is a snapshot of the world at this hour across stocks, currencies, bonds, commodities and cryptocurrencies.
Stock Indexes:
DJIA (US30) at 31,825.50, down 0.26%
S&P 500 (US500) at 3,861.00, down 0.02%
Germany's DAX at 14,998.75, down 2.78%
U.K.'s FTSE 100 at 7,566.93, down 2.34%
France's CAC 40 at 7,030.32, down 2.64%
Euro Stoxx 50 at 4,101.55, down 3.03%
Japan's Nikkei 225 at 27,832.96, down 1.11%
Australia's S&P ASX 200 at 7,108.80, down 0.50%
China's Shanghai Composite at 3,268.70, up 1.20%
Hong Kong's Hang Seng at 19,695.97, up 1.95%
Currencies:
EUR/USD at 1.0673, up 0.29%
GBP/USD at 1.2074, up 0.38%
USD/JPY at 133.45, down 1.13%
AUD/USD at 0.6626, up 0.75%
USD/CAD at 1.3784, down 0.31%
Dollar Index at 104.00, down 0.55%
Ten-Year Govt Bond Yields:
U.S. at 3.541%, down 4.17%
Germany at 2.2495%, down 9.88%
France at 2.770%, down 7.82%
U.K. at 3.4440%, down 5.44%
Japan at 0.310%, down 0.48%
Commodities:
Brent Oil Futures (May) at $81.27, down 1.82%
Crude Oil WTI Futures (April) at $75.17, down 1.97%
Gold Futures (Apr) at $1,896.75, up 1.58%
Cryptocurrencies:
Bitcoin at $22,016.54, up 6.92%
Ethereum at $1,576.39, up 6.75%
BNB at $296.54, up 6.55%
XRP at $0.36, down 0.73%
Cardano (ADA) at $0.333, up 8.32%
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