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 climbed to around 2.94% on Monday, moving toward 30-year highs and tracking gains in US Treasury yields as hawkish remarks from Federal Reserve Chair Kevin Warsh strengthened bets for a US rate hike in September. A jump in oil prices after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz also heightened inflation concerns, putting further upward pressure on global bond yields. Domestically, traders are anticipating a Bank of Japan rate increase in September amid concerns over yen weakness and import-driven inflation. BOJ Deputy Governor Ryozo Himino said last week that the central bank remains vigilant to inflation risks and will discuss the need for further policy tightening. Meanwhile, US Treasury Secretary Scott Bessent said he expects the BOJ to do the right thing on monetary policy when asked whether the central bank should consider consecutive interest-rate hikes to counter the weak yen.
