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 climbed to around 2.93% on Thursday, recovering from two-week lows and tracking a rise in US Treasury yields amid disappointment over the US Treasury Department’s bond buyback announcement. JGBs and Treasurys typically move in tandem. Rising oil prices amid the escalating US-Iran conflict also heightened inflation and interest rate hike concerns, lifting global bond yields. Domestically, the Bank of Japan is widely expected to raise its policy rate to 1.25% next week, the highest level in roughly 31 years, following a rate increase in June. The BOJ aims to address the risk of inflation exceeding expectations amid higher crude oil prices and a weaker yen. The Takaichi administration has also taken a more hawkish stance, as policymakers recognize the need to curb excessive yen weakness.
