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
Germany’s 10-year Bund yield edged down to around 3.5% as oil prices fell for a second consecutive session, while investors digested yesterday’s Federal Reserve rate hike. Brent crude is trading around $105 a barrel after Saudi Arabia said it plans to restore roughly half the capacity of its damaged East-West pipeline within days. The Middle East outlook remains uncertain, keeping oil prices elevated and adding to the challenge facing central banks as they seek to contain inflation without putting excessive pressure on economic activity. The Fed raised rates by 25 basis points, its first increase since July 2023, and signalled another hike later this year amid persistent inflation pressures. Meanwhile, markets are pricing in at least one more ECB hike this year. The ECB raised rates for a second time this year last week, citing renewed inflation risks from higher energy prices.
