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 traded around 5.2%, near its highest level since mid-2011 as markets increasingly priced in further tightening by the Reserve Bank amid persistent inflation pressures. RBA Assistant Governor Sarah Hunter said policymakers have limited tolerance for inflation remaining elevated and could raise rates for a fourth time this year if price pressures prove stronger than expected. Markets now see a 68% chance of a 25-basis-point hike to 4.60% at the September 29 meeting, up from below 10% a month ago, while the odds of rates reaching 4.85% next year have climbed to 60%. The hawkish repricing widened the 10-year yield’s premium over US Treasuries to 43 basis points, the most in three months. Still, fresh surveys pointed to growing pressure on the economy from higher borrowing costs, fuel prices and the weakening housing market. NAB’s business conditions index fell to a six-year low in August, while consumer sentiment weakened sharply in September.
