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
Germany’s 10-year Bund yield rose to 3.18% on Thursday, approaching last week’s 15-year high above 3.2%, as surging oil prices reinforced expectations that the European Central Bank could raise interest rates again this year. Energy prices climbed as the conflict between the US and Iran intensified, with a drone reportedly striking a US-owned gas storage tanker at Egypt’s Mediterranean port of Damietta. Meanwhile, the Federal Reserve added to market uncertainty on Wednesday by leaving interest rates unchanged despite three FOMC members dissenting in favor of a rate hike, while Chair Kevin Warsh offered no guidance on the future policy path. On the data front, stronger-than-expected GDP growth across major euro area economies and higher inflation readings in Germany and Spain reinforced expectations that the ECB could deliver a second rate hike this year, potentially as soon as September.
