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 fell to around 4.35%, slightly retreating from a three-week high, tracking declines in US Treasuries amid government shutdown risks, while focus remained on the upcoming RBA decision. Australia also posted a smaller-than-expected FY2024/25 budget deficit, which eased pressure on government borrowing and added downward pressure on yields. Still, moves were limited as investors awaited the RBA policy decision this week, with markets largely expecting the central bank to keep rates steady at 3.60% but anticipating a cut in November. However, diverging inflation signals, with Q2 showing a quarterly slowdown but August data pointing to a monthly acceleration, have raised the risk of stronger price pressures in Q3, leaving the policy path uncertain. This reaffirmed the cautious, data-driven stance of Governor Michele Bullock, who has consistently emphasized the bank’s commitment to its 2–3% inflation target.
