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 MarketJapan’s 10-year government bond yield climbed toward 1.85%, reaching its highest level since June 2008, as expectations of a policy rate hike from the Bank of Japan continue to mount. The swap market now prices in roughly a 62% chance of a rate increase at the BOJ’s upcoming policy meeting on December 19, with expectations rising to nearly 90% by the January meeting. These increasing bets on a December rate hike have intensified as Japan’s inflation has persistently exceeded the BOJ’s 2% target, prompting criticism that the central bank is lagging in its monetary tightening. On the economic front, Tokyo’s manufacturing PMI was slightly revised downward to 48.7 in November 2025, from the preliminary estimate of 48.8, following a final reading of 48.2 in the previous month. This marked the fifth straight month of contraction in the factory activity, albeit the softest pace since August.
