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 MarketGermany’s 10-year Bund yield rose to 3.1%, its highest level since 2011, as oil prices surged due to the ongoing US blockade of Iran in the Strait of Hormuz, intensifying inflation concerns ahead of the European Central Bank’s meeting later today. Brent crude reached fresh four-year highs following reports that the US is considering further military action in Iran. While the ECB is expected to hold rates steady on Thursday, markets are pricing in three quarter-point hikes in 2026, driven by inflationary pressures from the oil shock tied to the Iran conflict. Recent data from Europe’s largest economies showed inflation accelerating in April, fueled by soaring energy prices. This follows the Federal Reserve’s decision to maintain rates, though its meeting revealed growing divisions, with four officials dissenting for the first time since October 1992, three of whom opposed the Fed’s guidance suggesting future rate cuts.
