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 rose to around 4.87%, hovering near its highest level in more than two years, after the RBA signaled that interest rates would need to remain restrictive to tackle persistent inflationary pressures. Speaking to the House of Representatives Standing Committee on Economics, Governor Michelle Bullock said the central bank remains cautious to ensure price stability. Persistent price pressures in services and a resilient labor market continue to support domestic demand, complicating the timing of any rate cuts. She emphasized that the board is in no rush to alter its restrictive stance, following last week’s unanimous decision to raise rates. Meanwhile, after strong gains in the prior two months, Australia’s household spending unexpectedly fell in December, reflecting the ongoing impact of high living costs and elevated interest rates.
