S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Australia’s 10-year government bond yield rose toward 5.4%, hitting a fresh 15-year high as soaring oil prices heightened inflation concerns and fueled expectations of further global policy tightening. Global bond markets remained under intense pressure as escalating Middle East tensions raised concerns over disruptions to energy supplies. The resulting oil shock has strengthened expectations for further RBA tightening, with markets now implying an 85% chance of a 25bp hike to 4.60% on September 29. Governor Bullock is scheduled to appear before Parliament and is expected to reiterate that rates may need to rise further to bring inflation under control. Meanwhile, the US Federal Reserve is also expected to keep policy tighter this week and potentially move again by December, adding pressure on yields. Long-end yields were also pushed higher by surging corporate debt issuance from AI companies, which has constrained capital allocation by primary dealers and other financial institutions.
