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
UK 10-year gilt yields edged down toward 5% at the end of August, remaining close to the two-week low of 4.943% reached on Wednesday, as falling Brent crude prices eased inflation concerns, prompting markets to push expectations for the next Bank of England rate hike into 2027 from late 2026. LSEG data showed around 24 bps of tightening priced in by December and 36 bps by the February 2027 meeting. Less than 4 bps is priced in for the BoE’s September meeting, implying about a 15% chance of a hike. Most economists have long expected the BoE to keep rates unchanged at 3.75% this year, although markets had been pricing a hike amid concerns over a potential escalation in the US-Iran conflict. Meanwhile, UK inflation rose to 2.9% in July, driven by higher household energy bills, and is expected to increase further toward year-end, while the labour market remained subdued. Investors now await Fed Chair Kevin Warsh’s speech at Jackson Hole on Friday.
