Markets Wait For Outcome Of Debt Ceiling Talks

Markets Wait For Outcome Of Debt Ceiling Talks

May 29, 2023

Market sentiment remined jittery on Monday as inconclusive talks added to the concerns surrounding a potentially dangerous debt default. Political tensions with China and monetary policy uncertainty in the U.S. also kept market mood cautious.

European benchmarks are trading lower. Wall Street Futures are trading in mildly negative territory. Asian stocks, however finished trading on a mostly positive note.

Dollar dropped, dragging the Dollar Index. Bond yields moved in a mixed fashion. Crude oil prices edged higher. Gold is trading close to the flatline. Cryptocurrencies are moving mixed.

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

Stock Indexes:

DJIA (US30) at 33,407.50, down 0.06%
S&P 500 (US500) at 4,188.20, down 0.09%
Germany’s DAX at 16,224.95, down 0.31%
U.K.’s FTSE 100 at 7,755.79, down 0.01%
France’s CAC 40 at 7,467.94, down 0.32%
Euro Stoxx 50 at 4,382.55, down 0.29%
Japan’s Nikkei 225 at 31,086.82, up 0.90%
Australia’s S&P ASX 200 at 7,263.30, down 0.22%
China’s Shanghai Composite at 3,296.47, up 0.39%
Hong Kong’s Hang Seng at 19,678.17, up 1.17%

Currencies:

EUR/USD at 1.0824, up 0.15%
GBP/USD at 1.2452, up 0.11%
USD/JPY at 137.93, down 0.04%
AUD/USD at 0.6644, down 0.04%
USD/CAD at 1.3505, up 0.00%
Dollar Index at 103.10, down 0.10%

Ten-Year Govt Bond Yields:

U.S. at 3.679%, down 0.73%
Germany at 2.4230%, up 0.00%
France at 2.995%, down 0.37%
U.K. at 4.0280%, up 0.83%
Japan at 0.385%, down 0.65%

Commodities:

Brent Oil Futures (Jul) at $75.62, up 0.05%
Crude Oil WTI Futures (Jul) at $71.72, up 0.04%
Gold Futures (Jun) at $1,981.25, down 0.02%

Cryptocurrencies:

Bitcoin at $26,826.36, down 0.82%
Ethereum at $1,815.92, up 0.08%
BNB at $308.74, down 0.77%
XRP at $0.4618, down 1.71%
Cardano (ADA) at $0.3686, up 1.05%

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