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 US 10-year Treasury note stood around 4.96% on Monday, remaining near its highest levels since October 2023 as investors prepared for the upcoming Federal Reserve policy meeting and assessed the impact of surging oil prices. Markets are currently pricing in an 86% probability that the Fed will raise its policy rate by 25 basis points on Wednesday, with another rate hike expected later this year. Data released Friday showed underlying inflation came in higher than anticipated as core CPI rose 0.3% month-on-month. Higher oil prices added further inflationary pressure after Saudi Arabia shut down the critical East-West pipeline, which provides an alternative route around the Strait of Hormuz. Meanwhile, the Treasury Department’s latest buyback operation, disappointed markets, with the US government repurchasing $5.2 billion in bonds, below the $6 billion maximum and roughly half of the $10.5 billion offered in the operation.
