Corporate Earning Updates Eclipse Gloom Over Delayed Fed Rate Cuts

Positive earnings scorecard from the corporate sector helped markets shrug off the pain of a potential deferment in the Fed's rate cut plans. Fed Chair Jerome Powell on Tuesday downplayed the likelihood of early rate cuts by the Fed.

Data released earlier showed inflation in the U.K. rising more-than-expected to 3.2 percent.

Wall Street Futures are trading higher. European benchmarks are trading in positive territory. Asian shares finished on a mixed note.

Dollar Index edged down. Bond yields mostly eased. Crude oil prices declined amidst concerns about demand. Gold edged higher. Cryptocurrencies attempted a rebound.

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

Stock Indexes:

DJIA (US30) at 37,969.40, up 0.45%
S&P 500 (US500) at 5,071.90, up 0.41%
Germany's DAX at 17,904.55, up 0.78%
U.K.'s FTSE 100 at 7,862.60, up 0.54%
France's CAC 40 at 8,036.62, up 1.31%
Euro Stoxx 50 at 4,963.55, up 0.95%
Japan's Nikkei 225 at 38,001.00, down 1.22%
Australia's S&P ASX 200 at 7,605.60, down 0.09%
China's Shanghai Composite at 3,071.38, up 2.14%
Hong Kong's Hang Seng at 16,251.84, up 0.02%

Currencies:

EUR/USD at 1.0642, up 0.24%
GBP/USD at 1.2462, up 0.31%
USD/JPY at 154.60, down 0.07%
AUD/USD at 0.6424, up 0.36%
USD/CAD at 1.3809, down 0.14%
Dollar Index at 106.12, down 0.13%

Ten-Year Govt Bond Yields:

U.S. at 4.638%, down 0.47%
Germany at 2.4780%, down 0.32%
France at 2.993%, down 0.47%
U.K. at 4.3340%, up 0.74%
Japan at 0.882%, down 0.79%

Commodities:

Brent Oil Futures (Jun) at $89.19, down 0.92%.
Crude Oil WTI Futures (May) at $84.52, down 0.98%.
Gold Futures (Jun) at $2,409.35, up 0.06%.

Cryptocurrencies:

Bitcoin at $63,372.21, up 0.22%
Ethereum at $3,083.14, up 0.19%
BNB at $546.82, up 0.00%
Solana at $138.83, up 2.06%
XRP at $0.4967, up 0.64%.

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