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
Japan’s 10-year government bond yield fell to around 2.9% on Friday, declining for a second consecutive session and moving further away from its highest levels since 1996 as the global bond selloff eased. A successful sale of 30-year Japanese government bonds this week also eased market concerns and indicated that investment demand remains firm, with domestic pension funds seeking to increase their JGB allocations in anticipation that the Bank of Japan will accelerate its rate-hiking cycle. Those expectations were reinforced by hawkish remarks from BOJ officials and mounting pressure from the US to support the yen through tighter monetary policy. BOJ board member Hajime Takata raised the possibility of outsized or back-to-back rate hikes, while Governor Kazuo Ueda said policymakers need to pay closer attention to upside price risks. The BOJ is expected to deliver a quarter-point rate hike this month, followed by another increase in December.
