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
France’s 10-year OAT yield rose above 4.10%, reaching its highest level since October 2008, amid a broader global fixed-income selloff. Rising oil prices, following the expiry of the US-Iran ceasefire and Tehran’s threat to adopt a more aggressive military stance, have revived inflation concerns and contributed to higher borrowing costs. However, France faces additional pressure from its worsening fiscal position. Interest payments reached €34.5 billion in the first half of the year, 19% higher than a year earlier, while public debt is already around 118% of GDP. Even if the government meets its target of limiting the budget deficit to about 5% of GDP this year, debt is projected to climb further in the coming years. Meanwhile, softer US economic data have reduced expectations for near-term Federal Reserve tightening, contrasting with increasingly hawkish expectations for European monetary policy.
