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 UK 10-year gilt yield fell to 4.4% as market concerns over a potential US-Europe trade escalation eased and investors digested stronger-than-expected public borrowing data. US President Donald Trump said he would hold off on imposing tariffs on goods from European countries opposing his plan to take control of Greenland, adding that a “framework for a future deal” had been agreed following talks with NATO, though details remain unclear. On the domestic front, the UK public sector budget deficit narrowed to £11.6 billion in December, below market expectations of £13 billion. Earlier this week, ONS data showed headline CPI inflation rose to 3.4%, slightly above forecasts of 3.3%, while services inflation, a key gauge of domestic price pressures watched by the Bank of England, edged up to 4.5% from 4.4%, a smaller-than-expected increase. The unemployment rate remained at a pandemic-era high of 5.1%, while wage growth slowed to 4.5%, its weakest pace since April 2022.
