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 edged up to 4.2% on Monday, its highest level since late August, while the 30-year yield rose more than 4bps to 4.86%. The move came amid renewed concerns over the Fed’s independence after Chair Powell said on Sunday that the Department of Justice is conducting a criminal investigation related to the $2.5 billion renovation of the Fed’s headquarters. Powell stated that “the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President”. At the same time, investors are awaiting a series of key economic data releases this week that should provide further guidance on the Fed’s policy outlook. The CPI report due tomorrow is widely expected to show a pickup in inflationary pressures, reinforcing expectations that the Fed will keep interest rates unchanged at this month’s meeting.
