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 3.68%, approaching the over-two-month high of 3.72% touched on August 10th, following stronger-than-expected manufacturing sales data. Canadian factory sales rose 0.1% in June from May, beating expectations for a decline and marking a fifth consecutive monthly gain, while sales volumes increased 1.2%. Recent data also showed a stronger Canadian labor market, while Canada’s economy is estimated to have expanded at an annualized 3.4% in the second quarter, well above the Bank of Canada’s 2.5% forecast. The strong macroeconomic data raised expectations for a potential BoC rate hike if energy prices remain elevated. 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 that energy-driven inflation pressures were easing. However, policymakers warned that inflation expectations remained elevated and questioned the durability of the recovery.
