Markets Anticipate Lower U.S. CPI Readings

Market sentiment remained tethered to expectations of a downtick in the consumer price readings due from the U.S. on Tuesday. Markets also widely expect the Fed to keep rates on hold in the decision to be announced on Wednesday.

Wall Street Futures reveal mild gains. European benchmarks are trading mostly higher. Asian stocks finished trading on a positive note.

Dollar Index dropped amidst expectations of a cooling in consumer price inflation in the U.S. Bond yields too eased across regions. A weak demand outlook continued to drag down crude oil prices. Gold gained amidst the Dollar’s weakness. Cryptocurrencies are moving mixed.

Here is a glimpse of the major world markets at this hour.

Stock Indexes:

DJIA (US30) at 36,459.70, up 0.15%
S&P 500 (US500) at 4,625.00, up 0.06%
Germany’s DAX at 16,782.95, down 0.07%
U.K.’s FTSE 100 at 7,573.18, up 0.37%
France’s CAC 40 at 7,558.34, up 0.09%
Euro Stoxx 50 at 4,542.85, up 0.06%
Japan’s Nikkei 225 at 32,843.70, up 0.10%
Australia’s S&P ASX 200 at 7,235.30, up 0.50%
China’s Shanghai Composite at 3,003.44, up 0.40%
Hong Kong’s Hang Seng at 16,401.50, up 1.33%

Currencies:

EUR/USD at 1.0803, up 0.39%
GBP/USD at 1.2578, up 0.20%
USD/JPY at 145.32, down 0.57%
AUD/USD at 0.6594, up 0.45%
USD/CAD at 1.3565, down 0.07%
Dollar Index at 103.73, down 0.35%

Ten-Year Govt Bond Yields:

U.S. at 4.189%, down 1.16%
Germany at 2.2195%, down 2.14%
France at 2.772%, down 1.63%
U.K. at 4.0130%, down 1.62%
Japan at 0.715%, down 2.79%

Commodities:

Brent Oil Futures (Feb) at $76.14, up 0.14%.
Crude Oil WTI Futures (Jan) at $71.47, up 0.21%.
Gold Futures (Feb) at $2,002.20, up 0.43%.

Cryptocurrencies:

Bitcoin at $41,768.19, down 1.45%
Ethereum at $2,223.56, down 1.04%
BNB at $250.87, up 7.32%
XRP at $0.622, down 0.43%
Solana (SOL) at $71.49, up 3.15%.

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