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 MarketGermany’s 10-year Bund yield rose to 2.95%, its highest level since October 2023, as escalating tensions in the Middle East intensified inflation concerns and reinforced expectations of further interest rate hikes. Oil prices extended their rally, briefly surpassing $100 per barrel after Iran increased attacks on oil and transportation infrastructure across the region. The International Energy Agency’s announcement of a 400-million-barrel release from strategic reserves offered little immediate relief to markets, as the additional supply may take weeks or even months to reach buyers. Against this backdrop, money markets are now fully pricing in a European Central Bank rate hike by July, with an 85% probability of a second increase by December. This represents a significant shift from late February, before the outbreak of the Iran war, when traders had assigned roughly a 40% chance that the ECB would cut rates before year-end.
