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
Canada’s 10-year government bond yield rose to 3.65%, approaching the three-month high of 3.66% reached on July 31st, following stronger-than-expected employment data. Canadian employment increased by 75,100 jobs in July, well above expectations for a 15,000 gain, while the unemployment rate fell to a two-year low of 6.4%. The stronger labor market raised expectations of a potential BoC rate hike if energy prices remain elevated. Meanwhile, recent data suggests Canada’s economy expanded an annualized 3.4% in the second quarter. Well above the Bank of Canada’s expectation of a 2.5% growth rate. In July, the Bank of Canada held its policy rate at 2.25% for a sixth consecutive meeting, noting that the economy was adjusting to recent shocks and energy-driven inflation pressures were easing. However, policymakers warned that inflation expectations remained elevated and questioned the durability of the recovery.
