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 yield on the 10-year US Treasury note fell to 4.65% on Tuesday from the 18-month high of 4.75% in the previous session as lower energy prices softened risks of higher inflation and a hawkish reaction by the Federal Reserve. Qatari authorities stated that the US and Iran were close to signing a short-term agreement that would pause the conflict, followed by US Treasury Secretary Bessent noting that a deal could be announced imminently. The developments drove fuel and natural gas prices to extend their declines, limiting risks that energy-driven inflation would continue to lift underlying consumer prices as observed in data from the second quarter. Rate traders trimmed positions reflecting a hike in the Federal Reserve’s next meeting, although the move remained in slight consensus. Still, yields remained above levels prior to the Fed’s rate hold last week, when Chair Warsh’s reluctance to confirm a rate hike as his preferred tool against higher prices raised inflationary concerns.
