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
The UK 10-year gilt yield climbed to 4.97% on Wednesday, rebounding from two-week lows as renewed military exchanges between the US and Iran drove oil prices higher, reviving inflation concerns. Investors also remained cautious ahead of the US Federal Reserve’s policy decision later in the day and the Bank of England’s meeting on Thursday, both of which are expected to provide further guidance on the outlook for interest rates. The Federal Reserve is widely expected to keep rates unchanged, although markets still assign roughly a 30% chance of a 25-basis-point hike. In the UK, the Bank of England is also expected to leave its Bank Rate at 3.75%, with investors closely watching the vote split for clues on the future policy path. Recent data showed UK inflation slowed to a 15-month low of 2.6% in June, below the BoE’s forecast. However, businesses and government officials have warned that the recent spike in energy prices could lift inflation again in the coming months.
