Markets Brace For The Fed

Markets wait anxiously for the outcome of the Fed decision on interest rates. Key economic data including the ISM Manufacturing PMI and the JOLTS job openings report are due from the U.S. ahead of the Fed announcement. Data released on Tuesday showed China’s Caixin Manufacturing PMI slipping to contraction.

Wall Street Futures are trading on a negative note. European benchmarks mostly declined. Asian stocks mostly gained.

Dollar Index rose as anxiety ahead of the Fed decision lifted the U.S. Dollar. Bond yields hardened again. Supply concerns boosted crude oil prices. Gold dithered amidst renewed Fed fears ahead of FOMC decision. Cryptocurrencies mostly gained.

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

Stock Indexes:

DJIA (US30) at 32,947.20, down 0.32%
S&P 500 (US500) at 4,178.40, down 0.37%
Germany’s DAX at 14,812.45, up 0.01%
U.K.’s FTSE 100 at 7,308.87, down 0.18%
France’s CAC 40 at 6,881.75, down 0.06%
Euro Stoxx 50 at 4,054.15, down 0.17%
Japan’s Nikkei 225 at 31,601.65, up 2.36%
Australia’s S&P ASX 200 at 6,838.30, up 0.85%
China’s Shanghai Composite at 3,023.08, up 0.14%
Hong Kong’s Hang Seng at 17,084.00, down 0.09%

Currencies:

EUR/USD at 1.0549, down 0.26%
GBP/USD at 1.2140, down 0.10%
USD/JPY at 151.21, down 0.30%
AUD/USD at 0.6339, up 0.05%
USD/CAD at 1.3885, up 0.08%
Dollar Index at 106.86, up 0.19%

Ten-Year Govt Bond Yields:

U.S. at 4.899%, up 0.45%
Germany at 2.8215%, up 0.52%
France at 3.445%, up 0.45%
U.K. at 4.5975%, up 1.83%
Japan at 0.948%, down 0.84%

Commodities:

Brent Oil Futures (Jan) at $86.15, up 1.33%.
Crude Oil WTI Futures (Dec) at $82.17, up 1.42%.
Gold Futures (Dec) at $1,992.00, down 0.12%.

Cryptocurrencies:

Bitcoin at $34,459.07, up 0.23%
Ethereum at $1,803.86, up 0.17%
BNB at $224.68, down 1.10%
XRP at $0.6033, up 4.93%
Solana (SOL) at $39.59, up 7.93%.

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