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
Japan’s 10-year government bond yield jumped to 2.93% on Monday, reaching its highest level since 1996 amid growing expectations for an imminent Bank of Japan interest rate hike despite weaker-than-expected GDP data. Traders are speculating that the BOJ could raise rates as soon as September after a growing number of policymakers called for a stronger response to mounting inflationary pressures. The central bank is also contending with persistent yen weakness, which could add to inflationary pressures. Fiscal concerns are also weighing on the market, with the government yet to explain how it will fund its proposed two-year food sales tax cut. Meanwhile, Japan’s economy expanded at an annualized 1.1% in Q2, below market expectations of 2%, as weak domestic demand offset strong exports. Earlier this month, the BOJ released its economic activity outlook and marginally raised its GDP growth forecast to 0.6% from 0.5% for the 2026 fiscal year ending in March 2027.
