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 rose to around 4.70% on Friday, marking its fifth consecutive gain and remaining at its highest level since January 2025 as President Donald Trump’s latest tariff package heightened concerns over worsening trade frictions between the US and its trading partners. Imports from countries including Mexico, Canada, the UK, and India will face 10% tariffs tied to alleged forced-labor concerns, while goods from the EU and Taiwan will generally be subject to a 10% duty. Moreover, products from Japan, South Korea, and Switzerland will face tariffs of up to 12.5%, with additional charges applying to selected goods. On the monetary policy front, surging energy prices stemming from escalating Middle East tensions, alongside resilient US labor market conditions reinforced expectations for tighter policy, with swap markets pricing in a 34% chance of a Fed rate hike next week, at least one increase by September, and another possible move before year-end.
