Bank Of Japan's Dovish Stance Offsets Waning Euphoria Of Fed Rate Cut

Bank of Japan’s ultra-dovish monetary policy stance and no hints of a policy tweak helped cheer markets subdued by fading euphoria of Fed rate cuts. Not-so-dovish comments from Fed officials also sobered market sentiment.

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

Dollar Index is trading flat. Bond yields are moving mixed. Crude oil prices are trading close to the flatline. Gold prices edged lower. Cryptocurrencies rebounded.
Here is a glimpse of the major world markets at this hour.

Stock Indexes:

DJIA (US30) at 37,323.80, up 0.05%
S&P 500 (US500) at 4,743.50, up 0.06%
Germany’s DAX at 16,706.16, up 0.33%
U.K.’s FTSE 100 at 7,615.13, up 0.01%
France’s CAC 40 at 7,565.79, down 0.04%
Euro Stoxx 50 at 4,529.95, up 0.20%
Japan’s Nikkei 225 at 33,219.39, up 1.32%
Australia’s S&P ASX 200 at 7,489.10, up 0.84%
China’s Shanghai Composite at 2,932.39, up 0.05%
Hong Kong’s Hang Seng at 16,522.00, down 0.68%

Currencies:

EUR/USD at 1.0939, up 0.16%
GBP/USD at 1.2706, up 0.51%
USD/JPY at 144.93, up 1.53%
AUD/USD at 0.6731, up 0.39%
USD/CAD at 1.3386, down 0.07%
Dollar Index at 102.55, down 0.01%

Ten-Year Govt Bond Yields:

U.S. at 3.907%, down 1.24%
Germany at 2.0230%, up 0.50%
France at 2.542%, down 0.04%
U.K. at 3.6975%, up 0.04%
Japan at 0.610%, down 4.61%

Commodities:

Brent Oil Futures (Feb) at $78.04, up 0.12%.
Crude Oil WTI Futures (Feb) at $72.92, up 0.14%.
Gold Futures (Feb) at $2,038.90, down 0.08%.

Cryptocurrencies:

Bitcoin at $42,994.01, up 5.63%
Ethereum at $2,238.22, up 5.14%
BNB at $244.92, up 5.09%
XRP at $0.6097, up 4.26%
Solana (SOL) at $74.84, up 11.11%.

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