Global Markets Wary Amid Ongoing Tensions and Rising Oil Prices
Global markets remain cautious due to ongoing tensions in the Middle East and rising crude oil prices. Major indices, such as the DJIA (US30) and S&P 500 (US500), show mixed results. The DJIA is down 0.17%, while the S&P 500 is up 0.11%. European markets, however, are trading on a mostly positive note.
The US Dollar Index has declined by over a quarter percent, while sovereign bond yields have hardened across major economies. Crude oil prices have surged, with Brent Oil Futures (Oct) at $87.54 and Crude Oil WTI Futures (Sep) at $81.99. Gold has also rallied, reaching $4,428.80 per ounce.
Cryptocurrencies, however, are down across the board. Bitcoin is trading at $62,821.75, while Ethereum is at $1,876.87. The International Energy Agency's warning of a global supply deficit has contributed to the spike in oil prices.