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
The Australian dollar rose above $0.70, approaching a seven-week high, supported by broad weakness in the US dollar and hopes of diplomatic talks in the Middle East. The greenback weakened after Japan confirmed coordinated yen-buying operations with the US Treasury last week, boosting support for the Aussie. Elsewhere, US President Donald Trump said peace talks with Iran will resume after key Middle Eastern allies urged a diplomatic solution and the reopening of the Strait of Hormuz, lifting risk sentiment. In Australia, markets imply next to no chance the Reserve Bank will hike at its next meeting and only a slim possibility of a move in September. However, markets are pricing roughly even odds of a November hike, reflecting the risk that third-quarter inflation data could come in stronger than expected. The central bank has already raised rates three times this year, and the cumulative tightening is increasingly weighing on the housing market, with prices falling 0.7% in July.
