Markets Nervous As Debt Limit Deadlock Persists

Unresolved uncertainty surrounding the debt ceiling in the U.S. dampened sentiment across the financial market landscape. The fall in PMI readings in Eurozone as well as U.K. exacerbated the negative sentiment. Markets also digested latest hawkish comments from Fed officials.

European benchmarks are mostly trading lower. Wall Street Futures are trading in mildly negative territory. Asian stocks finished trading with deep losses.

Dollar firmed up, lifting the Dollar Index. Bond yields hardened across tenors and regions. Crude oil prices edged lower. Gold slipped heavily amidst nervousness surrounding the debt limit deadlock. Cryptocurrencies rebounded.

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

Stock Indexes:

DJIA (US30) at 33,241.10, down 0.14%
S&P 500 (US500) at 4,189.20, down 0.08%
Germany’s DAX at 16,204.25, down 0.12%
U.K.’s FTSE 100 at 7,784.03, up 0.17%
France’s CAC 40 at 7,420.13, down 0.78%
Euro Stoxx 50 at 4,367.05, down 0.42%
Japan’s Nikkei 225 at 30,957.77, down 0.42%
Australia’s S&P ASX 200 at 7,259.90, down 0.05%
China’s Shanghai Composite at 3,246.24, down 1.52%
Hong Kong’s Hang Seng at 19,431.25, down 1.25%

Currencies:

EUR/USD at 1.0783, down 0.28%
GBP/USD at 1.2388, down 0.39%
USD/JPY at 138.43, down 0.12%
AUD/USD at 0.6622, down 0.47%
USD/CAD at 1.3542, up 0.27%
Dollar Index at 103.52, up 0.31%

Ten-Year Govt Bond Yields:

U.S. at 3.731%, up 0.46%
Germany at 2.4780%, up 1.10%
France at 3.053%, up 0.83%
U.K. at 4.1680%, up 2.51%
Japan at 0.400%, up 0.38%

Commodities:

Brent Oil Futures (Jul) at $75.93, down 0.08%
Crude Oil WTI Futures (Jul) at $71.98, down 0.10%
Gold Futures (Jun) at $1,960.60, down 0.84%

Cryptocurrencies:

Bitcoin at $27,281.24, up 1.56%
Ethereum at $1,854.09, up 2.10%
BNB at $313.39, up 1.48%
XRP at $0.4615, up 0.04%
Cardano (ADA) at $0.3698, down 0.55%

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