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 bond yield rose to around 4.35%, reaching its highest level since October 10th, after the RBA held rates steady as expected and cautioned that inflationary pressures remain elevated. The decision was made unanimously by policymakers, who noted that the hotter-than-expected inflation report last week suggests slightly stronger underlying inflation risks than previously thought. Private demand also showed signs of recovery, while the labor market remained somewhat tight and rising house prices added to reasons for caution. Investors have largely abandoned expectations for a near-term rate cut, with markets now assigning only a 10% probability to a December move. A cut to 3.35% is no longer fully priced in, suggesting the RBA’s easing cycle may have already run its course. Yields also tracked higher in line with the US, after Federal Reserve officials signaled caution over further interest rate cuts.
