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 climbed to around 4.97% on Friday, scaling its highest levels since October 2023 after the US Treasury Department’s first expanded buyback operation resulted in weaker-than-expected purchases. The US government said it repurchased $5.2 billion worth of bonds, below the $6 billion cap and roughly half of the $10.5 billion offered in the operation. Treasury yields also moved higher after data showed US producer inflation accelerated in August as the Iran war drove up wholesale energy prices, with traders now awaiting the latest consumer inflation data. Markets are currently pricing in around a 71% probability that the Fed will deliver a 25-basis-point rate increase next week, up from 61% before the PPI report. Meanwhile, oil prices surged above $100 a barrel as the US and Iran showed no signs of backing down from the conflict, raising concerns over prolonged disruptions to global energy supplies and higher inflation.
