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 hovered around 4.6% on Thursday, down about 10 basis points so far this week as the partial reopening of the Strait of Hormuz continued to pressure oil prices, easing inflation concerns and reducing expectations for more aggressive Federal Reserve tightening. Iran and Oman reached an agreement to establish a shipping corridor through the strait, boosting hopes for stronger energy flows from the Middle East. In response, markets pared expectations for Fed interest rate hikes this year, now pricing in just one increase by year-end, down from two as recently as last week. Meanwhile, Fed Governor Lisa Cook reiterated that she is prepared to raise rates if inflation does not continue to ease. Separately, San Francisco Fed President Mary Daly said she supported the central bank’s decision to leave rates unchanged last week, while cautioning that persistently elevated inflation may require a more forceful policy response.
