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
The yield on the US 10-year Treasury note fell to 4.68% on Tuesday, after rising above 4.71% the previous day, as oil prices steadied amid signs that diplomatic efforts are underway to reach a deal between the US and Iran and reopen the Strait of Hormuz. Pakistan signaled the possibility of an agreement that could help ease tensions roiling energy markets, although the situation remains highly fragile and uncertain. Meanwhile, the highly anticipated US CPI report is due on Wednesday and should provide further insight into the path of inflation. The report is expected to continue pointing to a slowdown in energy-related price pressures that intensified in the months immediately following the start of the US war with Iran. Markets are pricing in roughly even odds of a Fed rate hike next month, with about a 50% probability of rates being left unchanged.
