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 yield on India’s 10-year G-Sec rose to around 6.79%, snapping three consecutive sessions of losses as investors turned cautious ahead of the conclusion of the Federal Reserve’s two-day policy meeting and rising oil prices weighed on sentiment. Markets assigned a 65% probability to the Fed holding interest rates steady while fully pricing in a 25-basis-point hike in September, with traders closely watching Chair Kevin Warsh’s guidance on the policy outlook. Meanwhile, Brent crude climbed 4.7% to around $87.68 per barrel after US and Saudi forces launched strikes on Iran-backed groups in Iraq, reviving concerns over the Middle East conflict and its inflationary impact. Additional upward pressure came from the 10-year US Treasury yield, which edged up to 4.61%, while investors continued to expect the Reserve Bank of India to keep its repo rate unchanged at 5.25% at next week’s policy meeting.
