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
Australia’s 10-year government bond yield climbed above 4.9%, hitting a six-week high as the escalating Middle East conflict drove oil prices higher and stoked inflation concerns. The hostilities between US and Iran have now expanded beyond military targets to critical infrastructures, while shipping through the Strait of Hormuz has largely come to a halt. The US resumed its blockade of Iranian ports, and Tehran intensified attacks on ships near the Gulf, raising fears that disruptions to energy supplies could reignite global inflation and complicate the policy outlook for major central banks. In Australia, expectations for further policy tightening remained subdued, though will be challenged by rising fuel prices. Markets assign about a 70% chance of one final increase by December, while some expect the Reserve Bank to begin cutting rates next year. Traders now await upcoming key jobs data and flash PMI surveys due later this week for further clues on the country’s economic health.
