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 MarketThe yield on the US 10-year Treasury note fell nearly 2bps to 4.22% on Monday, supported by a broad risk-off mood and a flight from riskier assets. The move comes as traders recalibrate expectations for monetary policy under a Warsh-led Federal Reserve. President Donald Trump nominated Kevin Warsh as the next Fed chair on Friday, a choice markets view as more hawkish, with Warsh seen as supportive of lower interest rates but less aggressively so than some other potential candidates. He is also expected to rein in the Fed’s balance sheet, a move that could reduce liquidity in the financial system. Markets continue to price in two Fed rate cuts this year under Warsh, even as the FOMC remains divided over the pace and scale of further policy easing. Meanwhile, House and Senate leaders have agreed on a spending deal to keep the government open, though it still requires approval from the House, which could come as soon as today.
