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
The dollar index hovered around 98.5 on Thursday and was up sharply this week as accelerating US inflation linked to the Iran war reinforced expectations that the Federal Reserve will keep interest rates higher for longer or potentially raise them. Data released Wednesday showed US wholesale inflation climbed in April at its fastest pace since 2022, following Tuesday’s report indicating consumer inflation rose to 3.8% last month, the highest level since May 2023. Markets have now fully priced out any possibility of a Fed rate cut this year and are increasingly assigning a higher probability to a rate hike before year-end. Meanwhile, the US Senate narrowly confirmed Kevin Warsh as Fed chair on Wednesday, with investors assessing whether he will maintain the central bank’s independence. Elsewhere, President Donald Trump is scheduled to meet Chinese President Xi Jinping, with discussions expected to focus on trade relations rather than the ongoing Iran conflict.
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