CANBERA (dpa-AFX) - Strong economic data from the U.S. and the spike in global crude oil prices renewed Fed rate hike fears, triggering a selloff in U.S. bonds that has roiled global financial markets.
Latest data revealed an unexpected jump in manufacturing as well as service sector activity in the U.S. Flash PMI readings for September showed manufacturing PMI jumping to 57 from 53.9 and services PMI jumping to 58.7 from 56.5.
The likelihood of a quarter percentage interest rate hike by the Federal Reserve in October has jumped above 75 percent, according to the CME FedWatch tool.
Wall Street Futures have declined around half a percent. Major benchmarks in Europe are trading in the red. Earlier in the day, Asian markets too had finished trading on a mostly negative note.
The six-currency Dollar Index has strengthened further. Crude oil price benchmarks have extended gains amidst fading hopes of a diplomatic resolution to the Middle East crisis.
Sovereign bond yields hardened across regions and tenors. Gold has shed more than half a percent. Cryptocurrencies are also trading deep in negative territory.
Here is a snapshot of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 51,284.10, down 0.44% S&P 500 (US500) at 7,655.20, down 0.66% Germany's DAX at 25,273.70, down 0.60% U.K.'s FTSE 100 at 10,698.50, down 0.06% France's CAC 40 at 8,076.28, down 0.58% Euro Stoxx 50 at 6,269.55, down 0.48% Japan's Nikkei 225 at 65,592.00, up 0.88% Australia's S&P ASX 200 at 8,702.00, down 0.72% China's Shanghai Composite at 3,888.37, down 1.22% Hong Kong's Hang Seng at 24,761.13, down 0.29% South Korea's KOSPI at 7,080.92, up 0.90% (Sep 23)
Currencies:
Dollar Index at 101.23, up 0.13% EUR/USD at 1.1374, down 0.09% GBP/USD at 1.3226, down 0.11% USD/JPY at 158.77, up 0.28% USD/CHF at 0.8278, up 0.38% AUD/USD at 0.7027, down 0.13%
Ten-Year Govt Bond Yields:
U.S. at 5.150%, up 0.66% Germany at 3.5751%, up 0.78% France at 4.693%, up 0.77% U.K. at 5.3924%, up 0.77% Japan at 3.076%, up 3.08%
Commodities:
Brent Oil Futures (Nov) at $105.30, up 2.15% Crude Oil WTI Futures (Nov) at $93.71, up 1.68% Gold Futures (Dec) at $4,289.40, down 0.67% Silver Futures (Dec) at $64.01, down 1.47%
Cryptocurrencies:
Bitcoin at $83,298.90, down 2.97% Ethereum at $2,645.33, down 3.23% BNB at $766.40, down 2.11% XRP at $1.46, down 8.18% Solana at $113.23, down 3.49%
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