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 MarketAustralia’s 10-year government bond yield slipped to 4.42%, extending its decline from the previous session even after the Reserve Bank signalled a cautious policy outlook. Minutes from the RBA’s latest meeting showed that policymakers would only consider cutting interest rates if the labour market materially weakens. While the board noted that current monetary settings remain “slightly restrictive,” it also acknowledged that it was possible this was longer be the case, reducing the scope for additional easing. Data released today showed that annual wage growth held steady at 3.4% in the third quarter, matching expectations and reinforcing the view that the labour market remains tight. Still, markets assign a 50% chance of one final rate cut from the RBA by May next year.
