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
ING’s Francesco Pesole notes that the Reserve Bank of Australia delivered a hawkish hold, stressing that inflation remains too high and further rate hikes are possible. However, markets focused instead on softer Australian growth, pushing short‑term swap rates and the Australian Dollar lower, underlining the higher bar now required for hawkish central bank communication to support currencies.
RBA message overshadowed by growth concerns
“Australia is an example of the higher bar for hawkish communication set by markets: the RBA governor tried to deliver a hawkish hold this morning, explicitly saying inflation is still too high and rate hikes remain a possibility.”
“But markets seem more focused on the softer growth story and short-term swap rates have come under pressure along with AUD.”
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