World Market Trends
World markets pinned their hopes on a likely softer monetary policy stance by central banks, going forward. The hawkish stance by the ECB and fears over whether the Fed would opt for a pivot without a sustained drop in inflation however bothered market players. Concerns about the Covid situation in China also remained a dominant concern.
Asian stocks finished trading on a mixed note. European benchmarks are trading lower. Wall Street futures have edged up.
Dollar Index gained from the previous day's levels. Bond yields moved mixed. Crude oil prices gained amidst anxiety ahead of the EU ban on Russian oil and the OPEC+ meeting. Gold continued to be buoyed by the prospect of a slowing down in the pace of Fed's rate hikes. Cryptocurrencies moved mixed.
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