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 slipped to around 1.78% on Friday, down from a 17-high of 1.84% in the previous session, as investors braced for the announcement of a massive stimulus package from Prime Minister Sanae Takaichi’s government, expected to exceed 20 trillion yen. Lawmakers from the ruling Liberal Democratic Party have even proposed a supplementary budget exceeding 25 trillion yen to fund the plan, well above last year’s 13.9 trillion yen extra budget. The large spending proposal has stoked concerns over Japan’s fiscal health, fueling a ‘Sell Japan’ trend that weighed on the yen and domestic bonds. On the data front, Japan’s core inflation rose to a three-month high in October, while exports exceeded expectations. Accelerating inflation gives the Bank of Japan more impetus to raise interest rates.
