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 held its recent gains above 4.8%, attempting to rebound from a recent fifteen-week low, as uncertainty in US-Iran peace talks kept inflation risks elevated, while markets await key domestic economic releases this week. Focus will likely be on the release of CPI and employment data, which will be pivotal for the Reserve Bank’s next policy move. Headline inflation is expected to pick up to 4.4% in May from 4.2% from a month earlier, while core measure likely edged up to 3.5% from 3.4%, both well above the central bank’s target. For the jobs data, forecasts are centered on a rise of 25,000 net jobs for May, while the unemployment rate likely fell to 4.4% after hitting a 4 1/2 -year high of 4.5% last month. Meanwhile, the US and Iran agreed on a 60-day roadmap toward a final deal, though concerns persisted after both sides recently exchanged threats over the conflict in Lebanon, with Tehran claiming it had once again closed the Strait of Hormuz.
