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 3.05% in early May, hovering near multi-year highs, as investors anticipate the European Central Bank may soon raise interest rates to curb inflation. The move comes amid persistent global energy shocks, with oil prices near four-year highs and the Strait of Hormuz remaining closed due to the US-Israeli conflict with Iran. Money markets are pricing in an 80% probability of a 25-basis-point rate hike by June and fully expect at least two increases this year. While the ECB left rates unchanged at its last meeting, it signaled openness to future adjustments, citing rising inflation risks and growth concerns. ECB President Christine Lagarde confirmed the unanimous decision to hold rates, though a hike had been discussed. Meanwhile, officials Joachim Nagel and Madis Müller hinted at potential tightening as early as June, warning of a deteriorating inflation outlook and the risk of persistent price pressures.
