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
Australian stocks were flat around midday on Wednesday, reversing a notable drop in the prior session as gains in energy minerals, consumer durables, and utilities were offset by losses in healthcare, tech, and consumer non-durables. Overnight on Wall Street, U.S. stocks ended lower amid surging oil prices, U.S. Treasury yields breaching 5%, the highest since 2007, and expectations of a Federal Reserve rate hike later today. Local markets have been in a downtrend since last week, touching their lowest level since early July amid persistent inflationary pressure and expectations of prolonged Reserve Bank tightening. The four big banks were muted, while PLS Group (-2.9%), Suncorp (-2.6%), and Insurance Australia (-1.8%) lagged. Meanwhile, energy stocks jumped, lifting Woodside Energy (3.6%) and Santos Ltd. (2.5%). Traders now brace for comments from Governor Bullock, who is scheduled to appear before Parliament on Friday.
