Markets Calm As Shutdown Averted

Market sentiment remained tranquil as a feared federal shutdown was promptly averted, keeping the government funded for another 45 days. Anxiety ahead of PMI updates as well as a speech by Fed Chair Powell capped gains.

Wall Street Futures are trading with mild gains. European benchmarks are trading mixed, not far from the flatline, amidst weak economic data from the region. Asian stocks finished lower, even as China’s property sector woes persisted.

Dollar Index rebounded after recent correction. Bond yields hardened as markets took further cognizance of the Fed’s higher-for-longer interest rate policy. Crude oil prices surged amidst a renewed focus on supply tightness. Rising bond yields and surging Dollar pressured gold prices. Cryptocurrencies rallied amidst optimism about SEC approval for a Bitcoin Spot-linked ETF product.

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

Stock Indexes:

DJIA (US30) at 33,520.00, up 0.04%
S&P 500 (US500) at 4,292.60, up 0.11%
Germany’s DAX at 15,390.35, up 0.02%
U.K.’s FTSE 100 at 7,595.21, down 0.17%
France’s CAC 40 at 7,133.77, down 0.02%
Euro Stoxx 50 at 4,174.95, up 0.01%
Japan’s Nikkei 225 at 31,793.50, down 0.21%
Australia’s S&P ASX 200 at 7,033.20, down 0.22%
China’s Shanghai Composite at 3,110.48, up 0.10% (Sep 28)
Hong Kong’s Hang Seng at 17,809.66, up 2.51% (Sep 29)


EUR/USD at 1.0537, down 0.31%
GBP/USD at 1.2154, down 0.35%
USD/JPY at 149.74, up 0.26%
AUD/USD at 0.6400, down 0.53%
USD/CAD at 1.3605, up 0.21%
Dollar Index at 106.52, up 0.28%

Ten-Year Govt Bond Yields:

U.S. at 4.633%, up 1.25%
Germany at 2.8730%, up 1.23%
France at 3.429%, up 0.78%
U.K. at 4.5160%, up 1.67%
Japan at 0.761%, down 2.06%


Brent Oil Futures (Dec) at $93.19, up 1.07%.
Crude Oil WTI Futures (Nov) at $91.67, up 0.97%.
Gold Futures (Dec) at $1,850.65, down 0.83%.


Bitcoin at $28,288.19, up 4.05%
Ethereum at $1,730.15, up 2.64%
BNB at $219.22, up 1.52%
XRP at $0.522, up 0.26%
Solana (SOL) at $24.09, up 4.70%.

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