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
German 10-year Bund yields edged higher to 3.25% as oil prices paused their recent sell-off, with prospects for an agreement to reopen the Strait of Hormuz still uncertain despite conflicting signals from Iran. Qatar’s prime minister is due in Tehran on Thursday to revive US-Iran diplomacy, with the two sides still divided over control of the key waterway. In money markets, traders are pricing slightly more than 40 bps of additional ECB tightening by year-end, with a September rate hike almost fully priced in. Reuters reported that ECB policymakers are prepared to raise rates at their September meeting to contain the economic fallout from the Iran war, although they remain reluctant to signal further tightening beyond that. Eurozone bond yields reached multi-year highs last week as investors grew increasingly concerned about the inflationary impact of higher energy prices, as well as rising government spending.
