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 broke above 5.2%, reaching its highest level since July 2011, as surging oil prices fueled inflation concerns while stronger-than-expected economic growth reinforced expectations for an imminent interest rate hike. Australia’s economy expanded 0.4% quarter-on-quarter in Q2, beating forecasts for 0.3% growth, while annual growth accelerated to 2.1%, above expectations for 1.8%. The stronger figures suggested economic activity remains resilient despite the Reserve Bank’s efforts to cool demand and curb persistent inflation. Markets raised the odds of a fourth rate hike at the September meeting after the GDP release to 57% from 48% previously, while a November hike is now more than fully priced in. The probability of another hike in Q1 2027 also rose to 82% from 62%. Meanwhile, escalating US-Iran tensions and the resulting rise in oil prices have also rekindled inflationary risks in major economies, pushing global bond yields higher.
