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 jumped to around 2.99% on Tuesday, reaching its highest level since 1996 as expectations mounted that the Bank of Japan will raise interest rates this month to address the impact of a weak yen and import-driven inflation. Reports indicated that US Treasury Secretary Scott Bessent urged Prime Minister Satsuki Katayama and BOJ Governor Kazuo Ueda to raise interest rates, following his earlier remarks that he expects the Japanese central bank to “do the right thing.” Japanese bond yields also tracked US Treasury yields higher as investors increased bets that the Federal Reserve will deliver a September rate hike. Elsewhere, oil prices climbed for a second straight day after US forces struck an island in the Strait of Hormuz, while Iran responded with attacks on the UAE and Jordan. Higher energy costs are fueling inflation concerns and strengthening expectations for tighter monetary policy.
