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 UK 10-year gilt yield fell to 4.48%, the lowest in more than three weeks, as market expectations for further monetary easing moderated. The Bank of England cut its main rate by 25 basis points to 3.75% in December, in a narrow 5-4 vote reflecting ongoing inflation concerns. While headline inflation eased to 3.2% in November, it remains above the BoE’s 2% target, prompting Governor Andrew Bailey to signal that rates may decline further but likely at a gradual pace. UK GDP rose 0.1% in Q3, aligning with forecasts, though the BoE expects flat growth in Q4. Traders continue to anticipate at least one additional rate cut in the first half of next year.
